________ Are Used to Manage the Project Work Effort,monitor Results,and

question 38

Multiple Choice

________ are used to manage the project work effort,monitor results,and report meaningful status to project stakeholders.

• A)Milestones
• B)Project plan review
• C)Statement of work
• D)Work breakdown structure

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Definitions:

Profit Graph

A visual representation of how a company’s profits change at different levels of sales volume or production output.

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating how much earnings are available to cover fixed expenses and generate profit.

Fixed Expenses

Recurring costs that do not vary with the level of production or sales over a short period, such as rent or salaries.

Variable Cost

Costs that change in proportion to the level of production or sales volume, such as raw materials and direct labor.