11) There are four primary steps in Activity Based Costing where you compute a cost rate per cost driver unit or transaction. For example, labor would be computed as cost of labor per hour. Which step is this in the four-step approach?

Select one:

a. Fourth

b. Second

c. Third

d. First

12) There are four steps in systematic risk management. Step 3 addresses steps to take to minimize risk impact that are considered likely to threaten the project.

Select one:

a. Control and documentation

b. Risk mitigation strategies

c. Analysis of probability and consequences

d. Risk identification

13) These are types of project costs that accelerate or increase through usage, or in other words the cost is in direct proportion to the usage level.

Select one:

a. Indirect

b. Variable

c. Fixed

d. Expedited

14) These are usually the most common forms of indirect costs and can be some of the most complex ones to estimate.

Select one:

a. Direct costs

b. Contract and procurement costs

c. Hybrid costs

d. Overhead costs

15) These types of costs are generally linked to two features: overhead, and selling and general administration.

Select one:

a. Direct costs

b. Labor costs

c. Contract costs

d. Indirect costs