Practice Quiz

PMI PMP Project Manager Certification

Category - Cost Management

Start a Study Session Sign up for Question of the Day
Every week, Jim the Project Manager treats staff to 5 pies of pizza at a weekly milestone lunch he holds in one of the conference rooms. What type of cost does this best exemplify?
  1. Fixed/direct
  2. Fixed/indirect
  3. Variable/direct
  4. Variable/indirect
  5. Fixed/sunk
Explanation
Answer: a - This is an example of regular (fixed) cost that impacts the immediate (direct) team. Variable means the cost is not always the same, and indirect means it might not impact the immediate team or parts of the project.

Key Take Away: Heck, I don’t have an interesting tidbit about fixed/direct costs, but if you ask me about projects that came in over budget - why take a look at the Sydney Opera House that was completed at over 1400%. That’s got to be some opera house!
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz