Which of the Following Statements Is True of the Earned

question 41

Multiple Choice

Which of the following statements is true of the earned value management (EVM) method?

• A)It helps us see how the project is truly performing.
• B)It links the project's schedule and costs with the work actually completed on it.
• C)both A and B
• D)neither A nor B

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Definitions:

Fixed Assumptions

Preset conditions or principles that are assumed to remain constant over a defined period for the purpose of analysis or modeling.

Achievable Output Levels

The various amounts of goods and services an economy can produce when utilizing all its resources efficiently.

Fully Employed

Refers to a situation where all available labor resources are being used in the most economically efficient way, often considered an indicator of economic health.

Unattainable Points

Situations or outcomes in economic models that cannot be achieved given the current resources and technology.