Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/10

Click to flip

10 Cards in this Set

  • Front
  • Back
Which of the following is a cost estimating relationship?
A. Mathematical equations based upon regression analysis
B. Cost-quantity relationships
C. Cost-Cost relationships
D. All of the above
D
Which of the following standard project estimating techniques is usually accomplished in weeks?
A. Parametric
B. Analogy
C. Engineering
D. Grassroots
B
Pricing out the construction cost of a home by a cost per square foot would be representative of a _____ estimate.
A. Parametric
B. Analogy
C. Engineering
D. Grassroots
A
When a functional manager tells you that your project is 10% more difficult than the standard project, the functional manager is providing you with a _____ estimate.
A. Parametric
B. Analogy
C. Engineering
D. Grassroots
B
Which of the following projects would most likely have reasonably good estimating techniques?
A. Construction
B. R & D
C. Software development
D. New product development
A
Material provided in a proposal to justify one’s estimates are called:
A. Supporting pricing
B. Back-up data
C. Risk justification
D. Proprietary pricing
B
An employee earning $40/hour works in a department where the overhead is 125%. A billable or charge back hour to this department would be:
A. $ 40
B. $ 50
C. $ 90
D. $ 100
C
Which of the following is an estimating pitfall?
A. Misinterpretation of the statement of work
B. Inaccurate work breakdown structure
C. Failure to use correct estimating techniques.
D. All of the above
D
Which of the following components of life cycle costing incurs the largest cost?
A. R & D
B. Production
C. Operational and Support
D. Disposal
C
Which of the following is generally not part of capital budgeting?
A. Life cycle cost estimating
B. Net present value
C. Internal rate of return
D. Discounted cash flow
A