____ Is a Time Estimate the Project Manager Makes for a Task

question 24

Multiple Choice

____ is a time estimate the project manager makes for a task.

• A)The weight
• B)The worst-case estimate
• C)The best-case estimate
• D)The probable-case estimate

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Definitions:

Price

The amount of money required to purchase a good or service.

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction, without them necessarily being involved in the transaction.

Marginal Social Benefit

Sum of the marginal private benefit plus the marginal external benefit.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.