In a Resource-Constrained Project the Second Priority in Assigning Resources

question 20

Multiple Choice

In a resource-constrained project the second priority in assigning resources is usually given to activities with the

• A) smallest duration.
• B) least slack.
• C) most slack.
• D) lowest identification number.
• E) highest cost.

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Definitions:

Futures Contract

A legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Exchange Rate

The value of one currency for the purpose of conversion to another currency.

Francs

Francs refer to the currency that was used in several countries, including France, Switzerland, and Belgium, before the introduction of the euro in some of these countries.

Laspeyres Price Index

A measure of price changes that uses the quantities of goods and services purchased in a base period to calculate the index.