Table 11-2 The Following Represents a Project with Four Activities.All Times Are

question 48

Multiple Choice

Table 11-2
The following represents a project with four activities.All times are in weeks.
-According to the data in Table 11-2,what is the critical path?

• A)A-B
• B)A-C
• C)B-D
• D)A-B-C-D
• E)None of the above

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Definitions:

Contestable Market

A market in which the costs of entry and exit are low, so a firm risks little by entering. Efficient production and zero economic profits should prevail in a contestable market.

Economic Profits

Profits earned by a firm after accounting for both its explicit and implicit costs, including opportunity costs.

Property Rights

The legal rights to use, control, and derive benefits from a resource, good, or property.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.