The Amount of Time an Activity Can Be Delayed Before

question 46

Multiple Choice

The amount of time an activity can be delayed before affecting the project deadline is _____

• A) slack
• B) crash
• C) fast-track
• D) diversion
• E) delay in any activity will delay the project

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Definitions:

Diseconomies of Scale

A condition in which a firm experiences an increase in average costs as it increases its output, due to factors such as inefficiencies or complexity.

Marginal Product

The change in total output that results from the employment of one additional unit of a resource.

Marginal Cost

Represents the change in total production costs resulting from making one additional unit of a product or service.

Economies of Scale

Advantages in cost that businesses gain from expanding their production scale, leading to a decrease in the average cost per unit produced as the operation size grows.