An Advantage of PERT Diagrams Is That They Are Usually

question 31

True/False

An advantage of PERT diagrams is that they are usually so simple to draw that a computer is not needed.

---

Definitions:

Joint Output

Joint output describes a situation where the production process results in two or more products being produced simultaneously from the same inputs.

Mutual Gains

Benefits that occur in a situation or transaction that are advantageous to all involved parties.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.

Lowest Opportunity Cost

The situation where the choice made uses the least possible sacrifice of alternatives, having the minimal foregone benefits among all options.