The Principal Advantage a Gantt Chart Has Over Other Project

question 96

Multiple Choice

The principal advantage a Gantt chart has over other project scheduling techniques is:

• A)its ability to reveal relationships among activities.
• B)it illustrates multiple paths as a project network.
• C)it focuses on the critical path.
• D)its simplicity.
• E)both cost and time are included in the chart.

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Definitions:

Period Cost

Expenses that are not directly tied to the production process and are charged to the period in which they are incurred.

Manufacturing Costs

Expenses related to producing goods, encompassing direct materials, direct labor, and manufacturing overhead, necessary for calculating the cost of goods sold.

Cost of Goods Manufactured

The total production cost of goods completed during a specific accounting period, including labor, material, and overhead costs.

Work In Process

Inventory that includes goods that are in the production process but are not yet completed.