The Estimated Types and Quantities of Resources Required for an Activity

question 63

Multiple Choice

The estimated types and quantities of resources required for an activity together with the availability of those resources will influence the

• A) estimated duration for how long it will take to perform the activity.
• B) project scope document description.
• C) project's acceptance criteria.
• D) actual costs of work performed.

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Definitions:

Book Value

The value of an asset as recorded in the financial statements, calculated by subtracting any accumulated depreciation from the asset's original cost.

Straight-Line Method

Method that allocates an equal amount of depreciation over an asset’s period of usefulness.

Semiannual

Pertaining to a period of six months or occurring twice a year.

Bond Interest Expense

The cost incurred by an issuer of bonds for the interest payments made to bondholders during a reporting period.