The cost-to-cost basis measures progress towards completion by:
a. comparing costs incurred to date with total costs to complete the contract.
b. tracking results of work completed to date; it is an output measure.
c. tracking floors of a building completed versus floors still to be completed.
d. tracking miles of a highway completed versus miles of highway still to be completed.
Ans: a. comparing costs incurred to date with total costs to complete the contract.
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Indicate whether the statement is true or false