A Plan That Identifies the Allocated Resources,the Project's Goals,and the Schedule

question 37

Multiple Choice

A plan that identifies the allocated resources,the project's goals,and the schedule that allows an organization to achieve those goals is:

• A)The work breakdown structure.
• B)The risk management plan.
• C)The statement of work.
• D)The project budget.

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Definitions:

Total Period Cost

The sum of all expenses incurred by a business within a specific period, including both fixed and variable costs.

Absorption Costing

An accounting technique that integrates all costs associated with production, including direct materials, direct labor, and variable and fixed overhead costs, into the cost of a product.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Loss

The negative result from operations or other transactions when costs and expenses exceed revenues.