Which of the Following Activities Might You Consider Adding a Time

question 9

Multiple Choice

Which of the following activities might you consider adding a time buffer to?

• A) Activities with severe risks
• B) Merge activities that are prone to delays
• C) Activities with scarce resources
• D) Noncritical activities with very little slack
• E) You might consider adding a time buffer to any of these activities.

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Definitions:

Minimum Efficient Scale

The smallest scale of production a firm can achieve while still taking full advantage of economies of scale.

Production Expertise

Specialized knowledge or skills in the process of creating goods or services.

Price Estimates

Approximations of the cost or value of a product or service, typically provided before a sale or project initiation.

Supply Chain

A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.