You Have Just Performed a CPM Analysis and Have Found

question 8

Multiple Choice

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values. What can you conclude?

• A) You have incorrectly performed the analysis.
• B) You have multiple critical paths.
• C) Only one path is optimal.
• D) More than one path is optimal.
• E) The project will not be completed by the desired time.

Identify and describe effective scheduling techniques and their applications.

Comprehend the purpose and process of budgeting within organizations.

Understand the concept and importance of contingency planning.

Identify the concepts and techniques involved in setting performance standards.

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Definitions:

Total Fixed Costs

The aggregate of all charges that stay fixed no matter the production level or output.

Average Total Cost

The total cost of producing a given output level divided by the quantity of output, including both fixed and variable costs.

Basketballs

Spherical balls used in the game of basketball, designed to bounce when thrown or dribbled on the court.

Total Variable Costs

The sum of all costs that vary with the level of output, such as materials and labor costs.