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:

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time who have developed from two different eggs fertilized by two different sperm, sharing about 50% of their DNA.

Monozygotic Twins

Monozygotic twins are twins that originate from a single fertilized egg, thus sharing identical genetic material and typically having very similar appearances and physical traits.

Biological Parents

The parents who are genetically related to the child, contributing half of the child's genetic makeup each.

Metabolize

The biochemical process by which organisms convert substances into energy or materials necessary for cellular function and growth.