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:

Total Current Assets

The sum of all assets owned by a company that are expected to be converted into cash, sold, or consumed within one year or a business cycle, whichever is longer.

Cash Collection

The process of gathering all cash received from sales, services, and other sources.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect from its debtors.

Credit Sales

Transactions where goods or services are provided to a customer with an agreement to receive payment at a later date.