Activities with Zero Slack

question 1

Multiple Choice

Activities with zero slack

• A)can be delayed.
• B)must be completed first.
• C)lie on a critical path.
• D)have no predecessors.

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Definitions:

Contract Price

The agreed-upon price for goods or services that is specified in a contractual agreement.

Critical Event

A significant occurrence that has a substantial impact on the operations or financial health of a business or market.

Measurability Conditions

Criteria required to recognize a financial transaction, including the ability to reliably measure the transaction's impact on the financial statements.

Percentage-Of-Completion Method

An accounting method used to recognize revenues and expenses of long-term contracts in proportion to the work completed.