Both PERT Diagrams and Gantt Charts Are Useful to Managers

question 171

Multiple Choice

Both PERT diagrams and Gantt charts are useful to managers concerned with

• A) calculating the rate of profit earned in a particular market.
• B) making sure that projects are completed on time.
• C) estimating the cost of completing a project.
• D) establishing formal lines of authority and responsibility within an organization.

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Definitions:

Push Strategy

A marketing approach that involves taking the product directly to the customer through whatever means to ensure the customer is aware of the existence of the product.

Logistics Operations

The planning, implementation, and control of the movement and storage of goods, services, or information within a supply chain.

Push-Pull Supply Chain Strategy

A hybrid supply chain model combining the push system (producing goods in anticipation of customer demand) and the pull system (producing goods in response to actual customer demand).

Inventory Costs

Expenses associated with holding and managing goods or materials until they are sold or used, including storage, insurance, and spoilage costs.