You Know When You Have Arrived at the Optimal Solution

question 53

Multiple Choice

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

• A)You have found the critical path
• B)You have run out of crash time
• C)You no longer have a linear relationship with costs
• D)You have reached the minimum total cost
• E)You have run out of crash costs

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Definitions:

Implied Warranty

A legal term for guarantees that are not expressly stated but are assumed in the sale of goods or services, ensuring basic standards of quality and functionality.

Merchantability

A legal concept referring to the implicit guarantee that a product is fit for the purposes for which it is sold.

UCC

A wide-ranging series of statutes known as the Uniform Commercial Code is in place to govern commercial activities across the US.

Implied Warranty

A legal assurance in a transaction that the goods or services sold meet certain standards even if not explicitly stated.