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denis23 [38]
3 years ago
13

Which of the following is a good condition for bottom-up estimating? A. When the project involves strategic decision making B. W

hen the project is internal and small C. When there is a fixed price contract D. When there is high uncertainty involved in the project E. When there is an unstable scope
Business
2 answers:
Nataly [62]3 years ago
6 0

Answer:

The correct option is C,when there is a fixed price contract

Explanation:

Bottom up estimating is a project management cost technique where the workers who are to work on the project make inputs in cost computation of the project.

Since the contract price of the project is fixed, the task left is for the agreed fee to be broken down into different areas of the project in order to determine the high cost and low cost areas in order that the cost attributed to a particular area of the project can be seen to be justified

adell [148]3 years ago
4 0

Answer:

when there is a fixed price contract

Explanation:

When the price of a project is fixed the bottom-up estimating technique is the best technique because in the bottom-up estimating in project management it requires the proactive effort of every team member involved in the management and project executing process.

In this technique every member of the project is involved in the decisions and every step or course of action involved in the project. i,e every step towards achieving the project involves the idea of every member of the project.

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3 years ago
Coastal Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller tr
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Answer:Allocated MOH= $16

Explanation:

Giving the following information:

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3 years ago
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What factor is NOT included in determining the total cost of a loan?
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Out of those four it would have to be D) down payment
8 0
3 years ago
On January 1, a company issued 6%, 10-year bonds with a face amount of $60 million for $55,736,520 to yield 7%. Interest is paid
Olegator [25]

Answer:

Effective interest on June 30 on a 6% $60 million bond at 7% effective rate is $1,950,778

The interest is treated in the books of account thus:

Debit interest expense     $1,950,778

Credit Bond account                               $1,950,778  

Explanation:

The effective interest is computed using the below formula

Amount x Effective Rate (%) = Interest Expense

Amount=$55,736,520

Effective rate =7%/2 =3.5% semi-annually

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3 years ago
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