There Are Two Approaches to Establishing the Total Budgeted Cost

question 34

Multiple Choice

There are two approaches to establishing the total budgeted cost for each work package:

• A) top-down and bottom-up.
• B) horizontal and vertical.
• C) committed and actual.
• D) aggregated and disaggregated.

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Definitions:

Mental Set

A psychological tendency to approach situations in a certain way due to past experiences or habits, which can limit problem-solving abilities.

Unnecessary Constraints

Limitations or restrictions that are not required and can hinder creativity, progress, or the achievement of goals.

Processing Speed

The rate at which an individual can take in, assimilate, understand, and act on information.

Metalinguistic Awareness

The ability to reflect on and manipulate the structural features of language.