Which of the Following Is Not a Basic Element in a Project

question 84

Multiple Choice

Which of the following is not a basic element in a project plan?

• A)Objectives
• B)Personnel
• C)Contract requirements
• D)All of these answer choices are correct.

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Definitions:

Latest Goods On Hand

Refers to the most recent inventory of products or materials that a company has available for use or sale.

Lower-Of-Cost-Or-Market Basis

An accounting principle where inventory is recorded at either its historical cost or market value, whichever is lower, to ensure conservatism.

Conservatism

An accounting principle that requires potential expenses and liabilities to be recognized immediately, but revenue only when it is ensured.

Accounting Concept

Fundamental principles or theories that underpin the practice and procedure of accounting.