Question: Answer the following True/False questions and justify (MUST) your answer. Historical data can be used as a guide on the current project. True False Committed

Answer the following True/False questions and justify (MUST) your answer.

  1. Historical data can be used as a guide on the current project.
    1. True
    2. False
  2. Committed costs are also known as discharged or postponed costs.
    1. True
    2. False
  3. The key to effective cost control is to analyze cost performance on a regular and timely basis.
    1. True
    2. False

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