CAPM (Certified Associate in Project Management) Practice Exam

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Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the exam!

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What does Actual Cost (AC) include?

Only direct costs incurred during a given period
Projected costs at the end of the project
The total of direct and indirect costs incurred in accomplishing work during a given period
Only indirect costs incurred during a given period

The correct answer is: The total of direct and indirect costs incurred in accomplishing work during a given period

Actual Cost (AC) includes the total of direct and indirect costs incurred in accomplishing work during a given period. Direct costs are expenses that can be traced directly to a specific project, such as materials and labor costs. Indirect costs are expenses that are not directly accountable to a specific project but are necessary for the general operation of the project, such as utilities or office rent. Therefore, the correct answer is C because Actual Cost (AC) encompasses both direct and indirect costs incurred during the project.