The processes used by management in developing estimates include which of the following?
A)Controls over the process.
B)The reliability of underlying data in developing the estimate.
C)Use of outside experts by management (for example,how they were used and their expertise).
D)All of the above.

Question

Quizplus · Accepted Answer

All of the options listed are factors that management considers when developing estimates. They need to have controls in place to ensure the accuracy of the estimates. Additionally, the reliability of the data used in the estimates is essential, and outside experts may be utilized to provide additional insight or assistance. Therefore, the correct answer is D.

The Processes Used by Management in Developing Estimates Include Which