Which One of the Following Statements Are TRUE

question 23

Multiple Choice

Which one of the following statements are TRUE?

• A) The progress chart graphically displays the days each employee is on duty.
• B) Gantt charts are tools that determine the optimal schedule of jobs in a job shop.
• C) Gantt charts only display the ideal use (planned schedules) of resources over time because the actual use is too variable.
• D) The machine chart is a visual tool useful for determining the consequence of schedule changes on a trial- and- error basis.

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Definitions:

Owned

Having possession or legal right over something.

Installment Method

A method used in taxation allowing the recognition of income over a period of years when payment from a sale of property is received in installments.

Section 179 Deduction

A tax deduction that allows businesses to deduct the full purchase price of qualifying assets financed during the tax year.

Contract Price

The total monetary amount agreed upon by the parties involved in a contract for the exchange of goods, services, or property.