What Does `PERT' Stand For

question 23

Multiple Choice

What does `PERT' stand for?

• A)Probable Engineering Return Tool
• B)Projected Engineering Reaction Time
• C)Professional Engineering Resource Tool
• D)Profit Evaluation and Re-evaluation Tool
• E)Project Evaluation and Review Technique

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Definitions:

Plantwide Factory Overhead Rate

A single overhead absorption rate used throughout a factory to allocate indirect costs to products based on a common base, such as labor hours or machine hours.

Overhead Costs

General business expenses not directly attributable to creating products or services.

Departments

Distinct areas within an organization, each focusing on a specific aspect of the business operation, such as finance, marketing, or human resources.

Products

Goods or services offered by a business to the market.