According to Frame (1994),which of the Following Is Not a Trap

question 28

Multiple Choice

According to Frame (1994) ,which of the following is not a trap that inexperienced cost estimators fall into?

• A) They are too optimistic about what is needed to do the job.
• B) They tend to leave components out that should be estimated.
• C) They do not use a consistent estimation methodology.
• D) They do not rely on historical project costs.

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Definitions:

Government Revenue

The total income received by the government from taxes, fees, fines, and other sources.

Regressive

Characteristic of a tax system where the tax rate decreases as the taxable amount increases, imposing a heavier burden on lower-income individuals.

Progressive

Referring to political and social movements seeking to promote change, reform, and innovation in governmental practices and policies.

Excise Taxes

Taxes imposed on specific goods or services, often fuel, tobacco, and alcohol, typically aimed at discouraging their consumption or raising revenue.