A Hatmaker,fresh Off a Very Successful Showing at Lidzapalooza Is

question 17

Multiple Choice

A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below.

-Which of these activities has slack?

• A)G
• B)E
• C)F

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Definitions:

Income Elasticity of Demand

A measure of how much the quantity demanded of a good changes as a consumer's income changes.

Consumers' Incomes

The total amount of money earned by consumers, which affects their purchasing power and demand for goods and services.

Proportionately Faster

Implies a rate of increase or growth that exceeds another in relative terms, not just in absolute numbers.

Income of Consumers

Refers to the total earnings received by individuals or households, including wages, salaries, benefits, and returns from investments.