Which of the Following Is Not One of the Recommended

question 74

Multiple Choice

Which of the following is not one of the recommended guidelines for developing useful work package estimates?

• A)Estimates should be made by those responsible for the work
• B)Use several people to estimate the same work
• C)Estimates should be based on normal conditions
• D)Estimates should include a normal level of contingency
• E)Estimates should be independent of other projects

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Definitions:

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others.

Total World Production

The aggregate amount of goods and services produced globally within a specific time frame, often measured in terms of Gross World Product (GWP).

Specialize

To focus on a particular area of knowledge, skill, or production, often to increase efficiency or quality.

Trade

The exchange of goods, services, or both within or between countries, driven by the principle of comparative advantage.