Which of the Following Terms Does Not Describe a Project

question 39

Multiple Choice

Which of the following terms does not describe a project management technique?

• A)CPM
• B)Uncertainty analysis
• C)Cost and time trade-off analysis
• D)Resource allocation techniques
• E)Process selection team

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Definitions:

Job-Order Costing

A costing method used where each job is costed separately and includes all materials, labor, and overhead specific to that job.

Underapplied Overhead

This occurs when the actual manufacturing overhead costs incurred exceed the allocated manufacturing overhead cost.

Cost of Goods

The total cost incurred to manufacture or acquire products sold during a specific period, including direct materials, direct labor, and manufacturing overhead.

Schedule of Cost

A detailed report summarizing the various components of cost involved in producing a product or delivering a service.