The Identification of Cost Drivers Is Perhaps the Most Important

question 117

Multiple Choice

The identification of cost drivers is perhaps the most important step in developing the cost estimate because:

• A) It is the first step in cost estimation.
• B) It is the final step in cost estimation.
• C) There may be a number of relevant drivers, some not immediately obvious.
• D) The other steps are easier to execute.
• E) It requires much more time than the other steps.

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Definitions:

Intellectualization

Intellectualization is a defense mechanism in which an individual focuses on reasoning and logic to avoid confronting emotional conflicts and stressors.

Defence Mechanism

Psychological strategies brought into play by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses.

Interpersonal Attraction

The force that draws people together, leading to friendships, romantic relationships, or other social connections.

Mental Stress

The psychological strain or distress experienced by an individual in response to perceived pressures or challenges.