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Application of PERT Network Analysis

question 1

Multiple Choice

Application of PERT Network Analysis
Grace has just graduated from college with a degree in business administration and is totally overwhelmed by her first job. When she was in school, she could work on projects one at a time, and now she finds that she must juggle several projects with multiple activities. Grace is amazed that her supervisor, Linda, seems to have everything planned in a neat flowchart. Linda's current project is to oversee the construction of an office building, and Grace is determined to understand all of the actions that must take place, the major activities, and potential problems so she can be proactive.
-The flowchart that Linda is using depicts the sequence of activities necessary to construct the office building and the time and costs associated with each activity. Linda is using

Definitions:

Forward Integration

A business strategy where a company controls the distribution or the supply chain for its products.

Acquires Distributors

The process by which a company takes ownership of distribution channels or companies to enhance its supply chain effectiveness and market reach.

Stability Strategy

A business approach aimed at maintaining the current status quo in terms of growth rate, revenues, and operational scale, often used in predictable environments.

Maintain Current Operations

The ongoing efforts to keep a business's regular activities running smoothly and efficiently.