Concerning PERT and CPM

question 14

Multiple Choice

Concerning PERT and CPM

• A)These are two different names for essentially the same technique.
• B)CPM tends to focus more on the critical path; PERT focuses on the parallel paths.
• C)PERT gives a clearer indication of activity slack, while CPM gives a better picture of path slack.
• D)Because of its recent discovery, much less is known about CPM than PERT.
• E)CPM is useful for project manager selection; PERT is useful for project team selection.

Understand Piaget's stages of cognitive development and their characteristics.

Learn about the concept of egocentrism and its significance in cognitive development.

Grasp the concept of object permanence and its development stage.

Identify the characteristics of the concrete operational stage according to Piaget.

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Definitions:

Joint Production

A process where multiple products are produced together in the same operation, often resulting in by-products.

Economies of Scope

Economies of scope occur when producing a wider variety of goods or services reduces the cost of production due to shared inputs or knowledge.

Scale Economies Index

A measure of the cost advantages that enterprises obtain due to their scale of operation, typically associated with cost per unit of output decreasing with increasing scale.

Cost-Output Elasticity

A measure of how the total cost of production responds to a change in the quantity of output produced.