One of the Weaknesses of the Various Cost Estimation Methods

question 95

Multiple Choice

One of the weaknesses of the various cost estimation methods is a simplifying assumption that cost behavior patterns are

• A)linear within the relevant range.
• B)curvilinear within the relevant range.
• C)semi-variable within the relevant range.
• D)semi-fixed within the relevant range.

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Definitions:

Legally Sufficient Value

An acceptable form or measure of value that must be provided in a contract to make it binding and enforceable under law.

Consideration

Something of value (such as money, goods, services, or promised actions) that is exchanged between parties in a contractual agreement.

Adequacy

Adequacy refers to the suitability of something to meet the needs in its context or the sufficiency in quantity or quality to fulfill a specific requirement.

Consideration

Something of value exchanged between parties within a contract, serving as the reason or motive for entering into the agreement.