Which Statement Is True of Analogous Estimates

question 53

Multiple Choice

 Which statement is true of analogous estimates?

• A) Their main disadvantage is that they cost more than other techniques.
• B) They are the only technique which do not require expert judgement.
• C) They are most reliable when previous projects are similar in fact with current projects.
• D) They use project characteristics in a mathematical model to estimate project costs.

Identify the negotiation process and its steps.

Distinguish between different types of trust and their foundations.

Explain the concept of psychological contracts within organizations.

Comprehend the impact of trust on workplace dynamics and employee behavior.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, highlighting the impact of fixed costs.

Degree

A level of qualification, achievement, or temperature that denotes status, extent, or intensity. In academic contexts, it often refers to the certification received upon completing a course of study at a college or university.

Dolls

Toys designed to resemble human figures, often used as playthings for children.