Cassandra Buys a New Color Copier for Her Small Business

question 26

Multiple Choice

Cassandra buys a new color copier for her small business. It will cost $18,000 and will decrease in value each year. The graph below shows the value of the copier after the first 5 years of ownership. Find the equation of this line where is the value after years.

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Definitions:

CPM/PERT

Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) are project management tools used to schedule, organize, and coordinate tasks within a project.

Critical Path Method

A step-by-step project management technique for process planning that defines critical and non-critical tasks with the goal of preventing time-frame problems and process bottlenecks.

Program Evaluation

The systematic method for collecting, analyzing, and using information to answer questions about projects, policies and programs, particularly about their effectiveness and efficiency.

Review Technique

A systematic process or method used to analyze or evaluate something in order to derive insights, find improvements, or assess performance.