Which of the Following Statements Regarding PERT Times Is True

question 86

Multiple Choice

Which of the following statements regarding PERT times is true?

• A) The optimistic time estimate is an estimate of the minimum time an activity will require.
• B) The optimistic time estimate is an estimate of the maximum time an activity will require.
• C) The probable time estimate is calculated as t = (a + 4m + b).
• D) Pessimistic time estimate is an estimate of the minimum time an activity will require.
• E) Most likely time estimate is an estimate of the maximum time an activity will require.

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Definitions:

Corporate Governance

A system of rules, practices, and processes by which a company is directed and controlled, focusing on balancing the interests of stakeholders.

Financial Intermediary

An institution that acts as a middleman between investors and borrowers, facilitating the flow of funds in the financial market.

Real Estate Brokerage

A service involved in arranging the buying, selling or renting out of properties, utilizing agents or brokers to facilitate transactions between buyers and sellers.

Mortgages

Loans specifically used for purchasing real estate, where the property itself serves as collateral to secure the loan.