The Main Difference Between PERT and CPM Is That

question 103

Multiple Choice

The main difference between PERT and CPM is that

• A) PERT is more accurate than CPM.
• B) PERT assumes that activity durations are known.
• C) PERT ignores activity costs.
• D) CPM assumes that activity durations can vary.
• E) they differ in terminology and in the construction of the network.

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Definitions:

Income Statement

A report detailing a corporation's income, costs, and earnings within a given timeframe.

Book Value

The net value of an asset as recorded on the balance sheet, calculated by original cost minus depreciation.

Gain Or Loss

The financial result that occurs when the selling price of an asset differs from its original purchase price, where a higher selling price results in a gain and a lower selling price results in a loss.

Disposal

The process of getting rid of something, especially by throwing it away or by selling it.