Multiple Choice
There was no way that the study tour to Italy could cost only $1500 for 14 days and 13 nights and include all transportation,meals and hotels,but the smarmy professor knew that students would balk at a higher advertised price.Once they were thousands of miles away from home in a country where none of them spoke the language it would be easier to tell them about unanticipated charges and approach the more realistic price of $3500 per person.This type of:
A) Specification change is a common reason for a cost overrun.
B) Lack of definition is a common reason for a cost overrun.
C) Low initial estimate is a common reason for a cost overrun.
D) Unexpected technical difficulty is a common reason for a cost overrun.
Correct Answer:

Verified
Correct Answer:
Verified
Q71: What learning rate is being demonstrated if
Q72: The gentleman farmer and surrealist aficionado commissioned
Q73: What is a time-phased budget and how
Q74: How are top-down and bottom-up budgets created?
Q75: "If anything can go wrong it often
Q77: The 1974 model Eldorado is a three-ton
Q78: A budgeting method that assigns costs first
Q79: After years of tinkering and reverse engineering
Q80: The analogous estimation method is a bottom-up
Q81: A time-phased budget allocates costs across both