The Conference Method Estimates Cost Functions ________

question 120

Multiple Choice

The conference method estimates cost functions ________.

• A) using quantitative methods that can be very time consuming and costly
• B) based on analysis and opinions gathered from various departments
• C) using time-and-motion studies
• D) by mathematically analyzing the relationship between inputs and outputs in physical terms

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Definitions:

Lawful

pertains to that which is in accordance with the law; legal and legitimate.

ABC Construction

Implies a generic name for a construction company and does not denote any particular entity unless specifically referenced.

XYZ Subcontractor

A generic term for a secondary contractor hired by the main contractor to perform specific tasks or duties in a larger project.

Mining Company

A business enterprise involved in the extraction of minerals, metals, or other geological materials from the earth's surface or subsurface.