Another Indicator of Cost Performance Is Cost Variance (CV)

question 74

Multiple Choice

Another indicator of cost performance is cost variance (CV) .If the cumulative earned value is greater than the cumulative actual costs, then

• A) the CV is positive.
• B) the CV is equal to the TBC.
• C) CV cannot be determined with CEV and CAC.
• D) the CV is negative.

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Definitions:

Professional Nurses

Licensed individuals who have completed rigorous nursing education and training to provide healthcare services.

Health-care Providers

Professionals and facilities that offer health-related services to individuals, including medical treatment, diagnosis, and preventive care.

Human Transaction

Interactions between individuals that involve exchange or communication, often considered in social, psychological, and economic contexts.

Orlando's Work

Refers to Ida Jean Orlando's nursing theory, which highlights the dynamic nurse-patient relationship where the nurse uses their perception, thought, and feeling to meet the patient's immediate need for help.