What Is Scope Creep

question 39

Multiple Choice

 What is scope creep?

• A) the tendency for project scope to keep getting bigger and bigger
• B) subdividing project deliverables into smaller pieces
• C) the approved project scope statement and its associated WBS.
• D) a task at the lowest level of the WBS

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Definitions:

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.

Normal Profit Margin

The average or expected profit margin that a business aims to achieve under normal operating conditions.

Allowance Method

An accounting technique used to account for expected credit losses on accounts receivable by anticipating uncollectible accounts.

Market Valuation

Market valuation is the process of determining the monetary value of a company or asset in the marketplace, typically reflected in its stock price or the total market capitalization.