Program Evaluation and Review Technique (PERT) Was Developed by Microsoft

question 85

True/False

Program evaluation and review technique (PERT) was developed by Microsoft.

---

Definitions:

Marginal Revenue

The increased income derived from selling an additional unit of a product or service.

Pure Monopolist

A single seller in a market with no close substitutes for the product or service, having complete control over its price.

Monopoly Output

The quantity of goods or services produced by a monopoly firm, which is determined by the intersection of the marginal cost and marginal revenue curves.

Profit-Maximizing

The process or strategy of adjusting production levels, pricing, or other operational factors to achieve the highest possible profit.