Choose the Best Way to Complete the Statement: "A Budget

question 7

Multiple Choice

Choose the best way to complete the statement: "A budget is…"

• A) a forecast for spending.
• B) a plan for how to deal with problems.
• C) a forecast for revenue collection.
• D) an excuse for a big legislative party.

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Definitions:

CPM Network

A project management tool that models tasks, timelines, and dependencies within a project as a network, standing for Critical Path Method.

Immediate Predecessor

In project management, refers to an activity that must be completed directly before another specific activity can commence.

Network Paths

Sequences of connected nodes and links in a network diagram, representing possible routes through a project schedule or communication framework.

Critical Path

The longest sequence of activities in a project plan that must be completed on time for the project to complete on due date.