The Major Purpose of Cost Estimation Is to Break Down

question 113

Multiple Choice

The major purpose of cost estimation is to break down total cost into which of the following components?

• A)short-run and long-run components.
• B)fixed and variable components.
• C)controllable and noncontrollable components.
• D)direct and indirect components.

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Definitions:

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

Environment

The surrounding physical, social, and cultural conditions in which an organism or community lives and interacts.

Evolutionary Theories

A broad set of principles that seeks to explain the origins, development, and diversification of life on Earth through the process of natural selection and genetic variations.

Autonomic Arousal

The activation of the autonomic nervous system that regulates various involuntary body functions, such as heart rate and digestion, often in response to stress or excitement.