Which of the Following Is Not a Method of Estimating

question 121

Multiple Choice

Which of the following is not a method of estimating costs?

• A)Scattergraphs
• B)The high-low method
• C)Regression analysis
• D)All of these ans choices are methods of estimating costs.

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Definitions:

Delineated List

A detailed enumeration or cataloging of items, often structured for clarity and ease of understanding.

Request For Proposal

A document issued by an organization to solicit proposals from potential suppliers for a desired project or service.

Bidding Process

The procedure by which a contractor is selected to work on a project, usually involving submission of proposals and selection based on criteria such as price and capability.

Reconciliation

The process of ensuring that two sets of records or accounts are in agreement, often used in accounting to match transactions and balances.