Effective comparative estimates rely most heavily on:
A) An accurate inflation factor.
B) The correct number of years elapsed between the old project and the current one.
C) True comparability between the current project and previous project work.
D) The correct number of employees on the new project compared with the previous one.
C
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A written understanding between the auditor and the client concerning the auditor's responsibility for the discovery of illegal acts is usually set forth in a(n):
A. letter of audit inquiry. B. management letter. C. client representation letter. D. engagement letter.
In an activity framework controlling costs translates into
A) reducing direct labor hours. B) managing activities. C) selling more goods. D) careful identification of resource drivers. E) all of these.
The numerical value of the coefficient of determination _____
a. is always larger than the coefficient of correlation b. is always smaller than the coefficient of correlation c. is negative if the coefficient of determination is negative d. can be larger or smaller than the coefficient of correlation
Martha set up a budget and realizes she needs to reduce some of her spending to improve her savings. Each of the following options would be fine for this EXCEPT what?
a. pay off unpaid credit card debt b. use cash only c. pay herself last d. reduce interest rates on credit card debt