Management MCQ
Cost Management Chapter 7
A project has an initial budget of $5 million and is 50 percent complete. It is also 50 percent over budget. The money that has been spent on the project is known as a(n) _________.
A project has an initial budget of $5 million and is 50 percent complete. It is also 50 percent over budget. The money that has been spent on the project is known as a(n) _________.
A project has an initial budget of $5 million and is 50 percent complete. It is also 50 percent over budget. The money that has been spent on the project is known as a(n) _________.
A. Fixed cost
B. Sunk cost
C. Indirect cost
D. Direct cost
Answer: B
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