While Agile Project Management Does Not Consist of One Set

question 69

Multiple Choice

While agile project management does not consist of one set method, most methods are based on similar principles. Which of the following agile project management principles would be described when team members decide among themselves who should do what and what should be done?

• A) Focus on customer value
• B) Iterative and incremental delivery
• C) Experimentation and adaptation
• D) Self-organization
• E) Continuous improvement

---

Definitions:

Conversion Cost

The combined costs of direct labor and manufacturing overhead involved in transforming materials into finished goods.

Equivalent Unit

In cost accounting, it represents a measure that converts the work done on partial units of output into the amount of completed units that could have been produced with that amount of work.

Weighted Average Method

An inventory costing method that averages out all costs of inventory available for sale during the period and assigns an average cost to each unit sold.

Applied Overhead

An accounting method that allocates estimated overhead costs to specific jobs or production units based on a predetermined rate or formula.