A Project Manager Has Discovered That Three Tasks Are on the Critical

question 22

Multiple Choice

A project manager has discovered that three tasks are on the critical path for a particular project.She has developed the time estimates (in days) shown in the table below. The customer has offered a $10,000 bonus if the project is completed within 14 days.What is the probability that the bonus will be earned?

• A)Approximately 85 percent
• B)Approximately 5 percent
• C)Approximately 2.3 percent
• D)Approximately 97.7 percent

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Definitions:

Investing Activity

Financial transactions related to the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Collection

The process of gathering or accruing items or amounts owed to a business, typically in the context of accounts receivable.

Loan Made

Money that is lent to another party in exchange for future repayment of the loan value amount, plus interest.

Indirect Method

An accounting technique used to prepare the cash flow statement, where increases in non-cash current assets are subtracted from, and increases in current liabilities are added to, net income to arrive at net cash flow from operating activities.