If, for Some Reason, the Project Must Be Expedited to Meet

question 6

Multiple Choice

If, for some reason, the project must be expedited to meet an earlier date, which of the following actions would the project manager take first?

• A) Check to see which activities cost the least.
• B) Check to see which activities have the longest duration.
• C) Check to see which activities are on the critical path.
• D) Check to see which activities have the most slack.
• E) Check to see which activities have the highest risk.

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Definitions:

Shutdown Point

The level of production and corresponding price at which a business's total revenue exactly equals its total variable costs, beyond which the business would start to incur losses.

Output

In economic terms, output refers to the total amount of goods and services produced by an economy or a firm.

Average Total Cost

The cost per unit of output, calculated by dividing the total cost of production by the total number of units produced.

Marginal Revenue

The added revenue procured by vending an additional unit of a good or service.