The Programme Evaluation and Review Technique Is a Management Tool

question 54

True/False

The programme evaluation and review technique is a management tool designed to identify and schedule major activities necessary to complete a project.

Understand the effects of variances on financial statements and how to report them.

Calculate and analyze the budgeted variable factory overhead based on actual production.

Analyze the causes of unfavorable variances and propose corrective actions.

Understand how to calculate direct materials price variance.

---

Definitions:

Premises

Statements or propositions from which a conclusion is drawn in an argument, assumed to be true.

False

Not true or correct; erroneous or misleading.

Modus Tollens

A logical argument form that concludes the inverse of an antecedent from the denial of the consequent, typically structured as "If P, then Q. Not Q, therefore not P."

Affirming The Consequent

A logical fallacy where a conclusion is incorrectly drawn from the premise that if P then Q, and Q is true, therefore P must be true.