In the 1790s,Treasury Secretary Alexander Hamilton Made a Series of Decisions

question 64

Multiple Choice

In the 1790s,Treasury Secretary Alexander Hamilton made a series of decisions that helped the United States develop a modern financial system.These decisions included

• A) the Continental Congress being forced to stop payments on its bonds.
• B) the federal government taking responsibility for paying off bonds issued by the Continental Congress and state governments.
• C) the request that state governments stop payments on its bonds.
• D) the new federal government's agreement to default of bonds held by Europeans.

Calculate the estimated time and variance for projects using PERT analysis.

Understand the concept of the critical path in project management, including how to identify and analyze it.

Calculate and interpret the probability of project completion times using PERT analysis.

Understand and apply the principles of crashing in project management to reduce completion time.

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Definitions:

Immediate Predecessors

The activities or tasks that directly precede another in a project schedule or process, without any intervening tasks.

Activity Duration

The time period from the start to the end of an activity or task.

Early Finish

In project management, the earliest possible point in time when a task or project phase can be completed, assuming all goes according to plan.

Late Start

The latest possible time a task can begin without delaying the project completion date in project management.