Given an Activity's Optimistic,most Likely,and Pessimistic Time Estimates of 1,9,and

question 81

Multiple Choice

Given an activity's optimistic,most likely,and pessimistic time estimates of 1,9,and 23 days respectively,compute the PERT expected activity time for this activity.

• A)10
• B)12
• C)9
• D)11
• E)None of the above

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Definitions:

General Journal Entries

General journal entries are the initial records of financial transactions in the double-entry accounting system, entered in the general journal.

Terms 2/10, N/30

A set of credit terms that offer a discount of 2% if payment is made within 10 days; otherwise, the full invoice amount is due within 30 days.

Perpetual Inventory Method

An accounting practice where the inventory records are updated immediately after every addition or subtraction, providing a continuously accurate inventory level.

Journalize

The act of recording business transactions in the chronological accounting record known as the journal.