When Work Is Organized into Cost Control Accounts

question 43

Multiple Choice

When work is organized into cost control accounts:

• A)The work no longer needs to be tracked by the project manager.
• B)The subdeliverables become cost centers instead of profit centers for the project.
• C)These are assigned to the units performing project activities.
• D)These budgets can then be assigned back to the project manager's department.

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Definitions:

Common Shareholders

Individuals or entities that own shares of a company's common stock, granting them rights to vote on corporate matters and receive dividends.

Net Property, Plant, And Equipment

This term refers to the aggregate amount of a company's physical assets (property, plant, and equipment) minus any accumulated depreciation, representing the actual value of these assets on the balance sheet.

Total Dollar Amount

The aggregate or total value expressed in dollars; often refers to the total sum of money involved in a transaction or financial statement item.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.