EFFORT-EXPENDED METHOD Definition

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EFFORT-EXPENDED METHOD measures the percentage of labor hours incurred to date as compared to estimated total labor hours for each contract.

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AGENCIES is securities issued by various agencies of the U.S. Government, such as the Federal National Mortgage Association.

INVESTMENT TRUST is a company that invests a fixed amount of money in a variety of stocks and shares as a way of spreading risk. Investment trusts have fixed capital, unlike unit trusts, which can create or redeem units in response to demand.

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