A Critical Path Refers To

question 47

Multiple Choice

A critical path refers to:

• A) a sequence of task activities whose order and durations indirectly affect the completion date of a project.
• B) a sequence of task activities whose order and durations directly affect the completion date of a project.
• C) a sequence of task activities whose order must be performed in parallel.
• D) a sequence of task activities whose duration cannot last more than 40 percent of the time allotted to the project.
• E) none of the above.

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Definitions:

Complements

Goods or services that are used together, where the increase in the demand for one leads to an increase in the demand for the other.

Substitutes

Goods or services that can replace each other in usage, providing similar utility to the consumer.

Price Increases

A rise in the cost of goods or services, which can affect demand, supply, and the overall economy.

Demand Shifts Left

A demand shift left is when the demand curve for a good or service shifts to the left, indicating a decrease in demand at all price levels, often due to changes in consumer preferences, income, or substitutes.