Which of the Following Statements Regarding PERT Times Is True

question 5

Multiple Choice

Which of the following statements regarding PERT times is true?

• A) The expected time is an estimate of the time an activity will require if everything goes as planned.
• B) The optimistic time estimate is an estimate of the maximum time an activity will require.
• C) The expected time estimate is calculated as t = (a + 4m + b)/6.
• D) The pessimistic time estimate is an estimate of the minimum time an activity will require.
• E) The most likely time estimate is an estimate of the maximum time an activity will require.

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Definitions:

Limited Liability

A legal structure where a person's financial responsibility is bounded to the amount invested in a business, protecting personal assets from company debts.

Professional Duties

Obligations that individuals in certain professions must follow based on standards of their profession and ethical guidelines.

Negligence

A lack of the customary caution that a reasonably prudent person would exercise in similar conditions.

Limited Partner

A limited partner is an investor in a partnership who is not involved in the day-to-day management and whose liability is limited to the amount of their investment.