The Length of the Arrows in a PERT Diagram Has

question 21

True/False

The length of the arrows in a PERT diagram has a direct relationship with the duration of the activity.

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Definitions:

Variable Cost

Variable cost refers to expenses that vary directly with the level of production output or sales volume, such as materials and labor.

Fixed Cost

Costs that do not change with the level of output produced, such as rent, salaries, and insurance.

Composite Units

A measure used in cost accounting for aggregating the cost of similar items or processes into a single figure.

Fixed Costs

Financial obligations like rent, salaries, and insurance premiums that do not fluctuate with changes in production or sales levels.