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Q: Which term indicates the stages in which the total predetermined cost of construction of the project is to be spread over?
  • A. Financial planning
  • B. Cost determination
  • C. Cost planning
  • D. Budget planning
Correct Answer: Option C - Cost planning–It indicates the stages in which the total predetermined cost of construction of the project is to be spread over. Budget planning–It is a cost estimate or a financial plan that outlines the expected construction costs and expenses associated with a project.
C. Cost planning–It indicates the stages in which the total predetermined cost of construction of the project is to be spread over. Budget planning–It is a cost estimate or a financial plan that outlines the expected construction costs and expenses associated with a project.

Explanations:

Cost planning–It indicates the stages in which the total predetermined cost of construction of the project is to be spread over. Budget planning–It is a cost estimate or a financial plan that outlines the expected construction costs and expenses associated with a project.