A PERT Network Consists of Activities Linked by Arrows

question 113

Multiple Choice

A PERT network consists of activities linked by arrows. Suppose two of the activities on the network are labeled "A" and "B." An arrow from "A" to "B" indicates that

• A) the same resources used to complete "A" are also used to complete "B."
• B) "A" and "B" can be completed at the same time.
• C) "A" takes longer to complete than "B."
• D) "A" must be completed before "B" can begin.

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Definitions:

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of goods or services.

Indifference Curves

Graphical representations in microeconomics to illustrate a consumer's preference among different bundles of goods, where each point on the curve represents a combination of goods that provides the same level of utility to the consumer.

Indifference Curves

Curves that represent combinations of various goods or services that provide the same level of satisfaction to a consumer.

Normal Good

A good for which demand increases as the income of consumers increases, showing a direct relationship between income and demand.