The First Step in Applying PERT Is to

question 113

Multiple Choice

The first step in applying PERT is to

• A) estimate the time required for each activity and mark it on the corresponding arrow.
• B) identify all of the major activities involved in the project.
• C) arrange the events in a sequence.
• D) use arrows, representing activities, to connect events that must occur in sequence.
• E) identify the critical path.

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Definitions:

Monetarist

An economist who believes that variations in the money supply are the main source of economic fluctuations.

Nominal Rate

The interest rate before adjustments for inflation, as opposed to the real interest rate which is adjusted.

Money Supply

The total amount of money available within an economy, including cash, coins, and balances in bank accounts, which can affect inflation, interest rates, and economic growth.

Discretionary Aggregate Demand

Demand for goods and services in the economy that is influenced by government policy decisions, beyond automatic stabilizers.