Table 310
You Are Responsible for Managing a Project with the the Following

question 149

Multiple Choice

Table 3.10
You are responsible for managing a project with the following activities
(times are given in weeks) .
$$\begin{array} { | c | c | c | c | c | } \hline \text { Activity } & \begin{array} { c } \text { Optimistic } \\\text { Time }\end{array} & \begin{array} { c } \text { Most Likely } \\\text { Time }\end{array} & \begin{array} { c } \text { Pessimistic } \\\text { Time }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessor(s) }\end{array} \\\hline \text { A } & 2 & 5 & 14 & \cdots \\\text { B } & 8 & 11 & 14 & \cdots \\\text { C } & 5 & 7 & 9 & \text { A } \\\text { D } & 6 & 9 & 12 & \text { A } \\\text { E } & 1 & 3 & 5 & \text { D,B } \\\hline\end{array}$$
-Using Table 3.10,if the expected time for activity B is changed to 18 weeks,by how many weeks will the project's expected completion time increase?

• A) It will not change.
• B) It will increase by 1 or 2 weeks.
• C) It will increase by 3 or 4 weeks.
• D) It will increase by more than 4 weeks.

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Definitions:

Monthly Fixed Expenses

Regular expenses that do not vary in amount and are paid on a monthly basis.

Contribution Margin Ratio

The proportion of sales revenue that exceeds variable costs, typically expressed as a percentage, indicating how much contributes to covering fixed costs and generating profits.

Fixed Expenses

Costs that do not vary with the level of production or sales over a short period, such as rent, salaries, and insurance.

Break-Even

The point at which total costs and total revenues are equal, meaning there is no net loss or gain.