Question

A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b. budgetary c. rough order of magnitude d. definitive

Answer 1

Answer:

B

Explanation:

Budgetary is itemized, of expected income and expense for a given period in the future. a plan of operations based on such an estimate. an itemized allotment of funds, time, etc., for a given period.

Answer 2

Answer:

  B. Budgetary.

Explanation:

  They are used to do that because the range of variance could be from -10% to +20%.

  Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

  I hope this answer helps you.