A Positive Cost Variance Indicates the Project Is Under Budget

question 64

True/False

A positive cost variance indicates the project is under budget.

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Definitions:

Business Model

A business model outlines how a company creates, delivers, and captures value, essentially explaining how it operates and makes money.

Tata Motors

An Indian multinational automotive manufacturing company, part of the Tata Group, known for producing cars, utility vehicles, buses, trucks, and defense vehicles.

IPO

Stands for Initial Public Offering, which is the process by which a private company can go public by sale of its stocks to the general public.

Customer Value Proposition

is a business or marketing statement that describes why a customer should buy a product or use a service, outlining the unique value the product or service provides.