When a Firm Has Professional Cost Estimators,what Is Their Main

question 19

Multiple Choice

When a firm has professional cost estimators,what is their main responsibility?

• A)Coordinate with the client to develop an acceptable cost estimate
• B)Work with senior management to keep costs in line
• C)Develop costs that maximize profits
• D)Reduce the level of uncertainty in cost estimates

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Definitions:

Psychological Research

The systematic investigation of psychological issues and phenomena through controlled experimentation, observation, and analysis.

Structuralism

An early school of psychology that sought to understand the structure of the mind by analyzing the components of conscious experience.

Humanism

A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively, often highlighting the importance of human dignity and potential.

External Consequences

Outcomes that occur as a result of an action that affect the external environment or other people, beyond the individual who undertook the action.