APSC 221 Quiz Multiple Choice With Complete
Questions And Correct Answers
indirect costs - ANSWER costs that are difficult to attribute or allocate to a specific
output or work activity
present economy studies - ANSWER when alternatives for accomplishing a specific task
are being compared over one year or less (i.e. the time value of money is ignored)
parametric cost estimating - ANSWER the use of historical cost data and statistical
techniques to predict future costs
life cycle - ANSWER defines a maximum time period and establishes a range of cost and
revenue elements that need to be considered in developing cash flows
power-sizing technique - ANSWER is a non-linear model
work breakdown structure is sometimes called - ANSWER a work element structure
on cash flow diagram, the vertical arrows pointing upwards represent - ANSWER
positive cash flow
decisional equivalence - ANSWER a consequence of the indifference on the part of a
decision maker among available choices
market equivalence - ANSWER a consequence of the ability to exchange one cash flow
for another at zero cost
cash flow diagram - ANSWER summarizes the timing and magnitude of cash flows as
they occur over time
Questions And Correct Answers
indirect costs - ANSWER costs that are difficult to attribute or allocate to a specific
output or work activity
present economy studies - ANSWER when alternatives for accomplishing a specific task
are being compared over one year or less (i.e. the time value of money is ignored)
parametric cost estimating - ANSWER the use of historical cost data and statistical
techniques to predict future costs
life cycle - ANSWER defines a maximum time period and establishes a range of cost and
revenue elements that need to be considered in developing cash flows
power-sizing technique - ANSWER is a non-linear model
work breakdown structure is sometimes called - ANSWER a work element structure
on cash flow diagram, the vertical arrows pointing upwards represent - ANSWER
positive cash flow
decisional equivalence - ANSWER a consequence of the indifference on the part of a
decision maker among available choices
market equivalence - ANSWER a consequence of the ability to exchange one cash flow
for another at zero cost
cash flow diagram - ANSWER summarizes the timing and magnitude of cash flows as
they occur over time
