Top-Down Estimates Usually Are Derived from Someone Who Uses Experience

question 50

True/False

Top-down estimates usually are derived from someone who uses experience and / or information to determine the project duration and total cost.

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Definitions:

U.S. Economy

The economic system of the United States, characterized by private enterprise, a variety of industries, and is considered one of the largest and most influential economies in the world.

Production Possibilities Frontier

A graph that shows the highest production potential for two products, based on available resources and various factors.

Means of Production

The resources—including land, labor, capital, and technology—used to produce goods and services in an economy.

Capital

Wealth in the form of money or assets, used in the production of more wealth.