Costs That Are Primarily Indirect Costs Associated with Project Implementation

question 68

Multiple Choice

Costs that are primarily indirect costs associated with project implementation best defines

• A)fixed costs.
• B)overhead costs.
• C)implementation costs.
• D)general and administrative costs.

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Definitions:

Annual Depreciation

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear and tear.

Monthly Basis

A timeframe or schedule that involves events or payments occurring once every month.

Prepaid Expense

Expenses paid in advance for goods or services which will be received in the future.

Unearned Revenue

Money received by an entity for a service or product yet to be delivered or performed.