Activity Slack Refers to How Much Time an Activity's Completion

question 43

True/False

Activity slack refers to how much time an activity's completion time must be reduced by in order to shorten the critical path.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs. It is used to cover fixed costs and generate profit.

Positive Deviation

An instance where performance or results exceed the expected standards or averages, often interpreted as an improvement or success.

SWOT Analysis

A strategic planning technique used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats.

Statistical Linear Trend Analysis

A technique used in statistics to model and analyze the relationship between variables and a continuous outcome over time.