Which of the Following Is a Possible Limitation in Cost

question 3

Multiple Choice

Which of the following is a possible limitation in cost estimation?

• A)It is difficult to obtain data on relevant costs from accounting reports that record historical data.
• B)It is difficult to get qualified people who can obtain data on costs and can interpret the data.
• C)Critics argue that the method used for estimating cost is outdated and does not provide accurate cost estimates.
• D)Critics argue that cost estimates do not help managers make efficient decisions.

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Definitions:

United States

is a federal republic located in North America, known for its diverse geography, culture, and significant global economic and political influence.

Net Energy Ratio

A measure comparing the amount of energy delivered by a system to the amount of energy used in its construction and maintenance.

Petrochemicals

Chemical products derived from petroleum or natural gas, serving as raw materials in various manufacturing processes.

Organic Chemicals

Compounds containing carbon atoms, typically produced by living organisms but can also be synthesized artificially.