Another Indicator of Cost Performance Is Cost Variance (CV)

question 74

Multiple Choice

Another indicator of cost performance is cost variance (CV) .If the cumulative earned value is greater than the cumulative actual costs, then

• A) the CV is positive.
• B) the CV is equal to the TBC.
• C) CV cannot be determined with CEV and CAC.
• D) the CV is negative.

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Definitions:

Partner's Crimes

Legal concept addressing the extent to which one business partner may be held liable for the criminal actions of another partner, typically in the course of their partnership's business.

Liability For Crimes

involves legal responsibility for actions or omissions that violate criminal law.

Fiduciary Duty

An obligation to act in the best interest of another party, typically in a financial or trust-based relationship.

Implied Authority

Authority of an agent that is not explicitly stated but is inferred from the agent's actions or the circumstances.