APSC 221 FINAL M Questions with complete solution 2024/2025
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Course
APSC 221
Institution
APSC 221
APSC 221 FINAL M Questions with complete solution 2024/2025 APSC 221 FINAL M/C
There may be uncertainty estimating project parameter values as a result of - correct answer 1. technological change
2. change in sales volume or market share
3. inflation
4. general economic activity levels wit...
APSC 221 FINAL M/C
There may be uncertainty estimating project parameter values as a result of -
correct answer ✔1. technological change
2. change in sales volume or market share
3. inflation
4. general economic activity levels within an industry
There are many useful resources in cost and revenue estimating, such as -
correct answer ✔1. the building code
2. accounting records
3. market analysis
4. general economic activity levels within the industry
__________ is a dimensionless # that indicates how a cost or price has
changed with time with respect to a base year - correct answer ✔an index
Parametric cost estimating is the use of historical cost data and statistical
techniques to predict ________ costs - correct answer ✔future
A Cost Estimating Relationship (CER) is a mathematical model that describes
the cost of an engineering project as a function of one or more
_____________ variables - correct answer ✔design
Decisional equivalence is a consequence of the __________ on the part of a
decision maker among available choices - correct answer ✔indifference
, Market equivalence is a consequence of the ability to _________ one cash
flow for another at zero cost - correct answer ✔exchange
Mathematical equivalence is a consequence of the mathematical relationship
between ____________ - correct answer ✔time and money
A cash flow diagram is a graph that summarizes the timing and __________
of cash flows as they occur over time - correct answer ✔magnitude
Effective interest rate is the actual, but not usually stated interest rate found
by converting a given rate with ___________ compounding period to an
equivalent interest rate with a one-year compounding period - correct answer
✔an arbitrary
In determining relevant risks and formulating proactive strategies for their
mitigation, the project team can pay a little in terms of extra time and cost
initially, or it must be prepared to ______________ - correct answer ✔spend
time planning, scheduling, and controlling project variables
Which is NOT one of the risk management steps? - correct answer
✔planning and scheduling
The severity of negative consequences in a project's life span is - correct
answer ✔minimal in its early life
The period of highest risk impact in a project's life span occurs - correct
answer ✔between the implementation and termination phases (execute and
finish)
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