Which of the Following Statements About the Cost Estimation Methods

question 182

Multiple Choice

Which of the following statements about the cost estimation methods is FALSE?

• A)With the conference method, the accuracy of the cost estimates largely depends on the accuracy and details of the inputs.
• B)The methods require more historical data than most quantitative analysis.
• C)The methods are not mutually exclusive.
• D)There are four methods generally used for cost estimation.
• E)Many organizations use a combination of the approaches.

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Definitions:

Motives of Vanity

The driving factors behind actions that are primarily focused on excessive pride in one's appearance or achievements.

Sake of Duty

Acting based on a sense of moral obligation rather than personal desire, interest, or consequence.

Maxim

A concise statement expressing a general truth or rule of conduct.

Rule

A prescribed guideline for conduct or action established by an authority, which governs behavior within specific contexts.