A Local Project Being Analyzed by PERT Has 42 Activities

question 48

Multiple Choice

A local project being analyzed by PERT has 42 activities, 13 of which are on the critical path. If the estimated time along the critical path is 105 days with a project variance of 25, the probability that the project will be completed in 95 days or less is

• A) -0.4
• B) 0.0228
• C) 0.3444
• D) 0.9772
• E) 4.2

Understand the key principles of social marketing for nonprofit organizations.

Identify and differentiate the properties of services and tangible products.

Grasp the importance of service quality dimensions in evaluating services.

Recognize the role of government agencies in providing services.

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Definitions:

U.S. Army

The land warfare service branch of the United States Armed Forces, responsible for land-based military operations.

National Resources Planning Board

A U.S. government agency active during the 1930s and early 1940s, part of the New Deal, that conducted research and planning regarding the use of natural resources.

Keynesian Economics

An economic theory stating that government intervention through monetary and fiscal policies is necessary to manage economic cycles and stimulate economic growth.

Laissez-Faire

An economic philosophy advocating for minimal government intervention in business and the economy.