Question

True or False:

As you do your initial cost estimates for your various restaurant projects, you should use the bottom-up estimation method.

Answer 1

False: You should not use the bottom-up estimation method for initial cost estimates for restaurant projects.

Step-by-step explanation:

The statement is False: You should not use the bottom-up estimation method for your initial cost estimates for restaurant projects. The bottom-up estimation method involves breaking down the project into smaller components and estimating the costs for each component individually. This method is more appropriate for detailed cost analysis and project execution. For initial cost estimates, it is more common to use the top-down estimation method, where you start with an overall estimate and then refine it as more information becomes available.