Which of the Following Statements Regarding Gantt Charts Is TRUE

question 38

Multiple Choice

Which of the following statements regarding Gantt charts is TRUE?

• A) Gantt charts give a timeline and precedence relationships for each activity of a project.
• B) Gantt charts use the four standard spines of Methods, Materials, Manpower, and Machinery.
• C) Gantt charts are visual devices that show the duration of activities in a project.
• D) Gantt charts are expensive.
• E) All of these are true.

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Definitions:

Sales Volumes

The total amount of a product sold within a specific period of time.

Variable Costing Income (VCI)

An income calculation method that includes only variable production costs as product costs, excluding fixed overhead.

Full Costing Income (FCI)

A method of accounting in which all manufacturing costs, both fixed and variable, are assigned to produced units to calculate profitability.

Step-fixed Costs

Costs that remain constant for a certain level of production or activity, but can change to a different fixed amount when a certain threshold is crossed.