If the Total Slack for a Project Is 4 Days

question 8

Multiple Choice

If the total slack for a project is 4 days, this means

• A) the activities on the path can be delayed a total of four days and the project still could be completed on time.
• B) the activities on the path must be accelerated by four days for the project to be completed on time.
• C) all the activities must be accelerated by four days for the project to be completed on time.
• D) all the activities can be delayed by four days and the project still be completed on time.

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Definitions:

Salaries Payable

A liability account that records the amount of salaries owed to employees but not yet paid.

Accrued

Income earned or expenses incurred before cash has been exchanged, often recognized in the accounting process.

Insurance Policy

A legal contract between an insurer and the insured, outlining the terms, coverages, premiums, and conditions under which the insurer agrees to compensate the insured.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.