Which Type of Estimate Should Be Used If the Cost

question 98

Multiple Choice

 Which type of estimate should be used if the cost estimate for a project is used a basis for contract awards and performance reporting?

• A) budgetary
• B) definitive
• C) rough order of magnitude
• D) analogous

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Definitions:

Intellectual Property Rights

Legal rights granted to creators and owners over their inventions, designs, music, and other forms of creative work.

Promotional Communication Policy

Guidelines and practices that govern how an organization communicates about its promotions, offers, and marketing campaigns to its audience.

Gamification Strategies

Techniques that apply elements of game playing (e.g., point scoring, competition) to other areas of activity to enhance engagement and motivation.

Customer Loyalty

The likelihood of previous customers to continue to buy from a specific retailer or brand over competing ones.