What Is Project Slack

question 32

Multiple Choice

What is project slack?

• A) The amount of time a non-critical task can be delayed without making the project late.
• B) The amount of time the critical path of a project can be delayed without making the project late.
• C) The amount of time an activity on the critical path can be delayed without making the project late.
• D) The difference between how long the project would take if all tasks were completed based on their pessimistic versus optimistic time estimates.
• E) None of the above.

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Definitions:

Price Ceiling

A legal maximum price set by authorities for goods or services, intended to prevent prices from rising above a certain level to protect consumers.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Government Implements

Actions taken by the government to put policies, regulations, or laws into effect.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product, intended to protect consumers from high prices.