MENU
A project expense line is cost associated with a specific source, except for:
Suggested Answer: B
Get Premium CIS-SPM Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
According to theProject Expense Linesdocument, a project expense line is cost associated with a specific source, such as fixed assets, resource, or software. The program field on the project expense line form is not a source of cost, but a reference to the program that the project belongs to. Therefore, the correct answer is B. Program. The other options are not correct, as they are sources of cost for a project expense line.
27 comments · newest first
SA
Salome
3 months ago
I feel confused about what they mean by "specific source."
KA
Karima
4 months ago
Yeah, like overhead expenses.
LO
Lorrine
4 months ago
I think it’s about indirect costs.
JO
Josue
4 months ago
This question is tricky!
MI
Michell
4 months ago
Seems straightforward, but I have my doubts on that!
DE
Delsie
6 months ago
Yeah, I thought all costs were project-related.
PA
Pamela
6 months ago
Wait, are you saying overhead isn't included?
DE
Dell
6 months ago
Totally agree, but what about indirect costs?
AR
Argelia
6 months ago
Project expenses are usually tied to direct costs.
TI
Tiffiny
6 months ago
Overhead costs? More like "over-the-top" costs, am I right?
VI
Vicky
6 months ago
Haha, this question is a real head-scratcher. I'm going with "the kitchen sink."
RE
Rebbecca
7 months ago
This question is a piece of cake! The answer is clearly "indirect costs."
GL
Glenna
7 months ago
Overhead costs? Really? I thought it was "administrative expenses."
LU
Luz
7 months ago
I think the correct answer is "labor costs."
JU
Julio
7 months ago
The correct answer is "overhead costs."
AL
Alesia
7 months ago
I think it could be something like administrative expenses that aren't tied to a specific project source, but I'm not completely sure.
AN
Annabelle
7 months ago
I feel like the answer might be related to non-project specific costs, but I can't recall the exact details.
BE
Benedict
8 months ago
I remember a practice question about direct vs. indirect costs, but I'm not sure if that applies here.
TI
Tina
8 months ago
I think a project expense line should include all costs, but there might be exceptions for indirect costs or overhead?
DO
Dottie
9 months ago
I've got a strategy for this - I'll start by listing out the typical project expenses I know are tied to specific sources, then try to identify any that don't fit that pattern. That should help me find the exception they're looking for.
AR
Ardella
9 months ago
Wait, what? I'm a little confused by the wording of this question. I'll need to re-read it a few times and make sure I understand what they're asking about project expense lines and sources.
SL
Slyvia
9 months ago
Okay, for this question I need to focus on identifying the exception to the rule that project expenses are tied to a specific source. I'll review my notes on project accounting to see if I can spot the odd one out.
SU
Sueann
9 months ago
Hmm, this seems like a tricky one. I'll need to think through the different types of project expenses and try to identify any that don't have a specific source associated with them.
RO
Rosalyn
9 months ago
I think this question is asking about the exceptions to the general rule that project expenses are associated with a specific source. I'll need to carefully consider what types of expenses might not fit that pattern.
JO
Johnson
3 months ago
Or unexpected expenses that arise?
LE
Leontine
3 months ago
Maybe overhead costs?
FR
Frank
3 months ago
What do you think the exceptions could be?