A Project Budget Report Is Showing Our Project as Spending

question 38

Multiple Choice

A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000.Which of the following is true?

• A)We are spending less than we should for the project
• B)We are doing a good job managing the project
• C)We should check to see if all the bills have been paid
• D)Both A and B are correct
• E)We can't be sure how the project is going

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Definitions:

Assets

Assets refer to resources owned by an individual or organization that have economic value and can be converted into cash or used to generate income.

Existing Balance

Refers to the amount currently in an account prior to any new charges, deposits, or withdrawals.

Office Policy

Rules and guidelines established by an organization to regulate procedures and behavior in a workplace.

Balance Due

The amount of money owed to a party that has not yet been paid.