Exhibit 15.2 The Following Questions Employ the AON Network and Completed Spreadsheet

question 9

Multiple Choice

Exhibit 15.2
The following questions employ the AON network and completed spreadsheet below.
-Which of the following correctly describes the focus of the Critical Path Method (CPM) ?

• A) To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
• B) To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
• C) To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
• D) To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.

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Definitions:

FOB Destination

A shipping term indicating that the seller bears the shipping costs and retains ownership of the goods until they are delivered to the buyer's location.

Inventory Records

Documentation and tracking of the quantity, value, and turnover of a business's inventory, including raw materials, work-in-progress, and finished goods.

Overstated Beginning Inventory

An accounting error where the starting inventory level is recorded higher than it actually is, leading to inaccuracies in financial statements.

Lower of Cost or Market

An accounting principle that values inventory at the lower amount between its original cost and its current market price.