Parallel Activities Can Shorten the Project Schedule, but Can Have

question 49

True/False

Parallel activities can shorten the project schedule, but can have an impact on project resources if a resource is assigned to two tasks at the same time.

Understand economic decision-making regarding operation, shutdown, staying in business, or going out of business in the short and long run.

Analyze the impact of economies of scale on production efficiency.

Apply principles of cost analysis to fill in cost and output tables.

Understand the concept of statistical significance and its implications.

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Definitions:

Incremental Cost Approach

A method of analyzing the financial information by only considering the expenses and revenues that will change as a result of a decision.

Total Cost Approach

A method in logistics and supply chain management focusing on minimizing the total costs associated with the distribution and storage of products, rather than focusing on individual elements.

Discount Rate

This rate is employed in the process of discounted cash flow analysis to ascertain the present worth of forthcoming cash flows.

Useful Life

The estimated period over which a fixed asset is expected to be usable by an organization.