The Expected Time in PERT Is

question 103

Multiple Choice

The expected time in PERT is

• A)a weighted average of the most optimistic time,most pessimistic time,and four times the most likely time.
• B)the modal time of a beta distribution.
• C)a simple average of the most optimistic,most likely,and most pessimistic times.
• D)the square root of the sum of the variances of the activities on the critical path.
• E)None of the above

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Definitions:

Overhead Cost

Expenses related to the operation of a business that are not directly tied to a specific product or service, such as rent and utilities.

Activity Cost Pools

Groupings of individual costs associated with specific activities used in activity-based costing to allocate costs more accurately.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities they require, improving cost accuracy.

Direct Labor-Hours

The cumulative hours put in by workers who are directly engaged in the production process.