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Question:

The project team recently participated in a working session to determine the costs connected with individual activities. To generate a more accurate estimate, they divided each activity further into smaller chunks. What will this activity produce? 

A Cost estimates 
Explaination

The project team is participating in bottom-up estimating, which will produce activity cost estimates. This activity is associated with the Estimate Costs process. Basis of estimates may also be generated through this session; cost estimates, however, are the primary end outcome of the activity.