Assume the Following Activities for a Project Along with Their

question 63

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Assume the following activities for a project along with their estimated durations and predecessors.Describe how critical path analysis would be applied to this project, and calculate the critical path.Define the concepts: slack/float, expedite/crash, and fast tracking and explain what their implications are for this project?

Analyze and solve triangle geometry problems using linear algebraic methods.

Understand the definition and application of accruals in accounting.

Identify tax deductible expenses and calculate capital gains or losses.

Understand the concept of depreciation and its impact on financial statements.

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Definitions:

Nonexcludable

A characteristic of a good or service where it is not possible to prevent people who have not paid for it from having access to it.

Negative Externality

A cost that is suffered by a third party as a result of an economic transaction.

Pigovian Externality

A situation where a market activity imposes a positive or negative cost or benefit on a third-party that is not reflected in the market price.

Free-Rider Problem

A situation in a shared-resource system where individuals consume more than their fair share or pay less than their fair share of the cost.