The Best Standard to Use in Developing Estimates for the Completion

question 33

Multiple Choice

The best standard to use in developing estimates for the completion time of systems development projects in an organization is

• A) a vendor-developed standard.
• B) an industry-average standard.
• C) a standard recommended by a consultant.
• D) a standard developed by the organization's experience.

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Definitions:

Net Credit Sales

The total amount of sales made on credit, minus any returns or allowances.

Accounts Receivable

Amounts owed to a company by its customers for goods or services delivered on credit.

Inventory Days

A financial metric indicating the average number of days a company takes to sell its inventory, reflecting inventory management efficiency.

Net Credit Sales

The total value of sales made on credit, minus returns and allowances, during a specific period.