Which Cost Estimation Method Would Be Described as a Formal

question 240

Multiple Choice

Which cost estimation method would be described as a formal method to fit linear cost functions to past data observations?

• A)the account analysis method
• B)the conference method
• C)the industrial-engineering method
• D)the quantitative analysis method
• E)the departmental analysis method

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Definitions:

Resource Advantage

A competitive strategy theory focusing on how organizations can achieve higher performance by acquiring and efficiently using resources to provide greater value than competitors.

Corporate Culture

Corporate culture encompasses the beliefs, behaviors, values, and symbols that the members of an organization accept and share, significantly influencing its identity and actions.

Organizational Hierarchy

The arrangement of an organization's roles and responsibilities in a graded structure of authority and leadership.

Transactions

The act of conducting business, which could involve buying, selling, or exchanging goods and services.