Which of These Statements Is Best

question 102

Multiple Choice

Which of these statements is best?

• A)PERT is a network technique similar to CPM, but PERT allows for project crashing, whereas CPM does not.
• B)In PERT, the most likely completion time of an activity is used to represent that activity's time within a project.
• C)The expected completion time and variance of an activity is approximated by the normal distribution in a PERT analysis.
• D)PERT was developed for a project for which activity or task times were uncertain.

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Definitions:

Accounting Standards

The rules and guidelines that companies must follow when reporting financial data.

Disclosure Standards

The requirements and guidelines set by regulatory bodies for the information that must be provided by publicly traded companies to protect investors and maintain transparency.

Financial Statements

Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Income Statement

A financial document summarizing a company's revenues, expenses, and profit over a specific period, reflecting its operational performance.