What Is the Critical Path of a Project

question 41

Multiple Choice

What is the critical path of a project?

• A) The path through the schedule with the highest priority tasks.
• B) The path through the schedule with the highest cost resources.
• C) The longest path through the schedule or the shortest time in which the project can be completed.
• D) The shortest path through the schedule.

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Definitions:

Fixed Costs

Costs that do not change with the level of output or activity, over a certain period or range of production.

Variable Costs

Costs that vary directly with the level of production or service activity.

Exiting

The process of leaving or withdrawing from a situation, market, or competition, often used in the context of firms leaving an industry.

Break Even

Break even is a point at which total costs and total revenues are exactly equal, meaning there is no net loss or gain, and the business or project is just covering its expenses.