Which Statement Is True of Bottom-Up Estimates

question 72

Multiple Choice

 Which statement is true of bottom-up estimates?

• A) They are based on the actual cost of a previous, similar project.
• B) They are also known as parametric estimating.
• C) They are most accurate when they involve large, extensive work items.
• D) They are time-intensive and expensive to develop.

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Definitions:

Stimulus Discrimination

the ability to differentiate between similar stimuli and respond differently based on their distinct features.

Backward Conditioning

A learning process where a conditioned stimulus is presented after the unconditioned stimulus, generally considered ineffective.

Licensing

A business arrangement in which one party allows another to use its brand, patent, or intellectual property in exchange for a fee or royalty.

Product Association

The connection or linkage of a product with certain qualities, emotions, or concepts in the minds of consumers.