A Gantt Chart Is the Graphical Representation of a Project

question 27

Multiple Choice

A Gantt chart is the graphical representation of a project that shows each task as a ________ bar whose length is proportional to its time for completion.

• A)vertical
• B)linear
• C)curve
• D)horizontal

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Definitions:

Depletion Expense

An accounting approach to allocate the cost of extracting natural resources, such as minerals or timber, over the period those resources are consumed.

Straight-line Method

A method of calculating depreciation whereby an asset's cost is evenly spread over its useful life.

Salvage Value

The estimated residual value of an asset at the end of its useful life, often considered for depreciation calculations.

Useful Life

The estimated duration a fixed asset is expected to be economically usable, with normal repairs and maintenance, for it to generate revenue.