Which of the Following Is a True Statement Regarding Network

question 74

Multiple Choice

Which of the following is a true statement regarding network diagrams?

• A)The critical path of a network diagram is represented by the sequence of connected activities that produce the longest overall time period.
• B)All activities with a slack time equal to zero are on the critical path.
• C)Nodes not on the critical path can be delayed (for some amount of time)without delaying the final completion of the project.
• D)All of the above.

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Definitions:

CVP Income Statement

A managerial accounting financial statement that utilizes cost-volume-profit analysis to show the effects of changes in cost and volume on a company's profits.

Margin of Safety

The difference between actual or expected sales and the sales level necessary to break even; it measures how much sales can fall before a business incurs a loss.

Variable Costs

Charges that are aligned with the scale of production or the extent of activities in an enterprise.

Fixed Costs

Constant expenses that a business incurs regardless of production volume, including leases and insurance, essential for financial planning and analysis.