Enrique Took Pride in His Ability to Handcraft Furniture, Enjoying

question 15

Multiple Choice

Enrique took pride in his ability to handcraft furniture, enjoying each step in the construction, assembly, and finishing of each piece. When his business failed, he began working at a furniture manufacturing plant, where he was responsible for nailing upholstery to sofa and chair frames. Enrique's experience is an example of __________.

• A) autonomy
• B) bureaucracy
• C) deskilling
• D) structural inertia

Apply knowledge of CPM to analyze project duration and identify critical activities.

Analyze the structure and dynamics of project organizations.

Calculate expected times and variances using probabilistic approaches, specifically PERT analysis.

Understand the concept and application of PERT (Program Evaluation and Review Technique) and CPM (Critical Path Method) in project management.

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Definitions:

Unfavorable Variance

A situation where actual costs exceed the standard or budgeted costs, often indicating inefficiencies or increased expenses.

Favorable Variance

A financial term indicating that actual costs were lower or revenues were higher than planned.

Budgeted Amount

The projected costs or revenues allocated to a specific activity or period, based on estimates.

Budget Ratcheting

The practice of setting future budget allocations based on the current period’s expenditures, discouraging under-spending in fear of budget cuts.