As Shown in the Accompanying Figure, a Gantt Chart, Developed

question 98

Multiple Choice

As shown in the accompanying figure, a Gantt chart, developed by Henry Gantt, is which of the following?

• A) diagram that graphically shows how actors interact with an information system
• B) tool that graphically shows the flow of data in a system
• C) bar chart that uses horizontal bars to show project phases or activities
• D) table that lists a variety of conditions and the actions that correspond to them

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or activity, such as raw materials and direct labor.

Break Even Point

The financial state where total revenues and total expenses are equal, resulting in no net profit or loss for the business.

CVP Graph

A graphical representation used in Cost Volume Profit analysis to depict relationships among cost, volume, and profit, showcasing how changes in sales volume will affect profits.

Total Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.