Question

A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b. budgetary c. rough order of magnitude d. definitive

Answer 1

B

Step-by-step explanation:

Budgetary is itemized, of expected income and expense for a given period in the future. a plan of operations based on such an estimate. an itemized allotment of funds, time, etc., for a given period.

Answer 2

B. Budgetary.

Step-by-step explanation:

They are used to do that because the range of variance could be from -10% to +20%.

Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

I hope this answer helps you.