You Have Collected the Data for a Time-Cost CPM Scheduling

question 62

Multiple Choice

You have collected the data for a time-cost CPM scheduling model analysis. The time is in days and the project "direct costs" are given here. The indirect costs for the project are determined on a daily duration basis. If the project lasts 16 days, the total indirect costs are $400; 15 days, they will be $250; 14 days, they will be $200; and 13 days, they will be $100. If you crash this project by one day,What is the total (i.e., direct and indirect) project cost?

• A) $2,150
• B) $2,300
• C) $2,400
• D) $2,450
• E) $2,500

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Definitions:

Promissory Notes

Written promises to pay a specified sum of money to a certain entity on demand or at a defined future time.

Amortized Debt

A loan that is paid off over time through a series of fixed, regular payments that cover both principal and interest.

Creditors

Individuals or entities that loan money or extend credit, expecting to be repaid, often with interest.

Registered Bonds

Bonds that are registered in the name of the holder and require transfer of ownership when sold, contrasting with bearer bonds.