The Approved Time-Phased Project Budget,excluding Any Management Reserves,which Can Be

question 29

Multiple Choice

The approved time-phased project budget,excluding any management reserves,which can be changed only through formal change control procedures and is used as a basis of comparing actual results,is called a ____:

• A) measurement baseline.
• B) cost baseline.
• C) cost benchmark
• D) control account

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Definitions:

National Income

A measure of the total value of all goods and services produced by a country over a specific period, typically adjusted for net income from foreign investments.

Money

A medium of exchange that facilitates the sale, purchase, or trade of goods and services, acting as a unit of account, a store of value, and a standard of deferred payment.

Perceived Limitation

The personal belief or interpretation that one's abilities or conditions are restricted in some way.

Future Time

A concept referring to moments that have yet to occur or periods of time that lie ahead in the future.