Which of the Following Does NOT Help Describe a Bottom-Up

question 13

Multiple Choice

Which of the following does NOT help describe a bottom-up estimating approach?

• A)They are made by someone who uses experience and/or information from someone else to determine overall project cost and duration.
• B)They establish low-cost, efficient methods for completing activities.
• C)They typically comes from the people actually doing the work and who are most knowledgeable about the task at hand.
• D)Estimates are made at the work package level and then "rolled up" to determine estimates for major deliverables and for the project itself.
• E)They can take place after the project has been planned in detail.

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Definitions:

Fast Food

Quick-service restaurants offering minimal table service and food that is prepared and served very quickly, often packaged for takeout or drive-through service.

Demand Curve

a graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Cost Functions

Mathematical relationships expressing the cost of production as a function of the quantity of output produced.

Profit-maximizing

A strategy or point where a firm reaches the highest possible profit by balancing its costs and revenues.