Which of the Following Is NOT One of the Estimates

question 67

Multiple Choice

Which of the following is NOT one of the estimates used by PERT to estimate the duration of an activity?

• A)optimistic time
• B)most likely time
• C)catastrophic time
• D)pessimistic time

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Definitions:

Flexibility

Flexibility in a business context refers to the ability to adapt quickly to changes in the market or operational conditions, maintaining efficiency and meeting customer demands.

Supply Chain

The network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from supplier to customer.

Capacity

Capacity refers to the maximum level of output that a company can sustain to produce a product or service, considering available resources.

Inventory

The goods and materials that a business holds for the ultimate goal of resale, production, or utilization.