The Shadow Price of a Nonbinding Constraint Is

question 31

Multiple Choice

The shadow price of a nonbinding constraint is

• A) positive
• B) zero
• C) negative
• D) indeterminate

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Definitions:

Time Savings

The reduction in the amount of time required to complete a task or process, often achieved through increased efficiency.

Total Crash

In project management, it refers to the situation where the duration of a project is reduced to the minimum possible time by accelerating tasks at the highest cost increase.

Project Phases

The distinct stages a project goes through from initiation to completion, including planning, execution, and closure.

Crash Cost

The increased cost associated with reducing the completion time of a project task or activity beyond normal expectations.