A Technique That Uses Optimistic, Pessimistic, and Realistic Time to Calculate

question 34

Multiple Choice

A technique that uses optimistic, pessimistic, and realistic time to calculate the expected time for a particular task best defines:

• A) Gantt.
• B) Computer Aided Software Engineering (CASE).
• C) Program Evaluation Review Technique (PERT).
• D) flowcharting.
• E) Unified Modeling Language (UML).

Recognize the free rider problem and its impact on the provision of public goods.

Comprehend the reasons behind government intervention in providing public goods.

Identify and explain externalities and their effects on market outcomes.

Understand the principle of economic efficiency and its application in decision-making.