For Activities on a Project's Critical Path

question 13

Multiple Choice

For activities on a project's critical path,

• A)earliest start time (ES)equals latest start time (LS).
• B)earliest start time (ES)is greater than latest start time (LS).
• C)earliest start time (ES)is less than latest start time (LS).
• D)earliest start time (ES)equals latest finish time (LF).

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Definitions:

Variable Costs

Costs that vary in direct proportion to changes in the level of production or activity within a business.

Incremental Analysis

A decision-making technique used to determine the financial impact of different choices by comparing their costs and benefits.

Variable Cost

Expenses that fluctuate with production volume, such as direct materials and direct labor costs.

Fixed Expenses

Fixed expenses are recurring costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.