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Identify and Briefly Describe the Two Major Categories of Estimating

question 14

Essay

Identify and briefly describe the two major categories of estimating project time and costs.


Definitions:

Foreign Exchange

The exchange of one currency for another or the conversion of one currency into another currency.

British Pounds

The currency of the United Kingdom, which is one of the world's major currencies traded internationally.

U.S. Exports

Goods and services produced in the United States and sold to other countries.

Outflow of Payments

The movement of money out of a particular country, company, or household, typically for the purpose of purchasing goods, services, or assets.

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