Once Most of the Design Work Is Complete,at a Point

question 28

Multiple Choice

Once most of the design work is complete,at a point when the scope and capabilities of the project are quite well understood,a ________ may be developed.

• A)definitive estimate
• B)comparative estimate
• C)parametric estimate
• D)non-parametric estimate

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Definitions:

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, used primarily in trading commodities or financial instruments.

LIBOR

The London Interbank Offered Rate, a benchmark interest rate at which major global banks lend to one another, often used as a reference rate in financial markets.

SONIA

Sterling Overnight Index Average, an interest rate benchmark that reflects the average of the interest rates that banks in London pay to borrow sterling overnight from other financial institutions.

Tokyo Interbank Rate

The interest rate at which banks lend to each other in the Tokyo money market, similar to LIBOR in London.