Devon Construction Inc

question 74

Multiple Choice

Devon Construction Inc. is currently in the midst of a residential construction project. The company's operations manager realizes that certain phases of the project are behind schedule due to unavailability of raw materials. Which of the following tools should Devon's operations manager use to better manage project scheduling?

• A)The SWOT matrix
• B)The critical path method
• C)Computer-aided design software
• D)Vertical integration

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Definitions:

Repairs

Expenses incurred to restore an asset to a condition where it can perform its intended function, without improving beyond its original state.

Accrued Vacation Pay

Represents the amount of vacation time earned by employees that has not yet been used or paid out, and is recorded as a liability on the company's balance sheet.

Vacation Cost

Expenses associated with taking a vacation, including travel, accommodation, meals, and activities.

Product Warranty

A guarantee provided by the seller that a product will meet certain performance standards or can be repaired or replaced within a specified period.