When a developer first considers the idea of a project, he may quickly calculate the anticipated cost of the work using a ____ estimate.
A)piece-rate
B)multi-rate
C)single-rate
D)volume

Question

Quizplus · Accepted Answer

A single-rate estimate is a quick and basic way to determine the anticipated cost of a project without going into too much detail. It assumes a fixed cost per unit or task and multiplies that by the expected quantity or scope of work. It is often used for initial cost assessments before more detailed planning and estimation takes place. Option A is incorrect because a piece-rate estimate is typically used for paying workers based on the number of units or pieces produced, not for project cost estimation. Option B does not make sense in this context. Option D may be used in certain industries where the cost is directly proportional to the volume of work, but it is not a commonly used term in project cost estimation.

When a Developer First Considers the Idea of a Project