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Overrun Is the Additional Percentage Amount by Which Estimates Exceed

question 43

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 Overrun is the additional percentage amount by which estimates exceed actual costs.


Definitions:

Asset

Anything of value owned by a company.

Business

All profit-seeking activities and enterprises that provide goods and services necessary to an economic system.

Assets

Resources owned by a business or individual that are expected to provide future economic benefit.

Liabilities

Financial obligations or debts that a company or individual owes to others.

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