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:

Restorative Practices

A set of principles and techniques aimed at fostering relationships, healing harm, and restoring community in response to conflict or misconduct.

Ethical Obligation

The duty to act in a morally correct manner, often within a professional or social context, guided by specific codes or principles.

Monetary Benefit

Financial gains or advantages, often resulting from employment, investments, or various forms of aid and compensation.

Disconnected Counselors

Therapists or advisors who are emotionally or mentally detached from their clients, potentially impacting the effectiveness of the counseling.