Which of the Following Are Limitations of PERT and CPM?(I)Time

question 8

Multiple Choice

Which of the following are limitations of PERT and CPM?(I) Time estimates may include a fudge factor.(II) Important activities may be overlooked.(III) It is an after-the-fact analysis.

• A)I and II
• B)I, II, and III
• C)I and III
• D)II and III
• E)I only

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Definitions:

Income Taxes

Taxes imposed by the government on the income generated by individuals, businesses, and other entities within their jurisdiction.

Statement of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how the company's operations are running, where its money is coming from, and how it is being spent.

Indirect Method

A way of presenting the cash flow statement where net income is adjusted for non-cash transactions, depreciation, and changes in working capital to calculate cash flow from operating activities.

Operating Activities

Operating activities involve the day-to-day functions that are directly related to producing and delivering a company's goods and services, contributing to cash inflows and outflows during a period.