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The Industrial Engineering Method of Cost Estimation Is Based on Opinions

question 18

True/False

The industrial engineering method of cost estimation is based on opinions from various departments and is quick and of low cost to apply.


Definitions:

Similar Status

A situation where individuals or groups hold equivalent positions in terms of social hierarchy, prestige, wealth, or education within a society.

Statistical Category

A classification based on numerical or quantitative data used for analysis and interpretation purposes.

Resocialization

The process by which one's social values and norms are restructured, often in a new, different environment.

Transformative Reawakening

A profound shift in consciousness or perception, often leading to significant changes in attitudes, values, or lifestyle.

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