When We Are Unsure About the Duration of Project Activities

question 48

Multiple Choice

When we are unsure about the duration of project activities, we use _____________________ time estimates.

• A) variable
• B) probabilistic
• C) estimated
• D) deterministic
• E) cumulative

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Definitions:

Net Sales

Company sales revenue post deduction of returns, allowances for imperfections or absences, and discounts.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.

Plant Assets

Durable physical assets employed in the running of a business, designed for long-term use and not for being sold off.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the company's financial statements.