Data collected on the cost objects and cost drivers for cost estimation must be:
A) Brief and limited.
B) Exhaustive.
C) Concrete.
D) Consistent and accurate.
E) Varied.

Question

Quizplus · Accepted Answer

Data collected on cost objects and cost drivers must be consistent and accurate to ensure reliable cost estimation. Brief and limited data may not provide enough information for accurate cost estimation, whereas exhaustive data may lead to unnecessary costs. Concrete data is helpful, but not necessarily required. Varied data may be useful, but consistency and accuracy are more important.

Data Collected on the Cost Objects and Cost Drivers for Cost