The Variance for a Project's Duration Is Given by ______

question 82

Multiple Choice

The variance for a project's duration is given by ______.

• A)the sum of the variances for all its activities
• B)the sum of the variances for all its critical activities
• C)the sum of the standard deviations for all its activities
• D)the sum of the standard deviations for all its critical activities

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Definitions:

Full Capacity

The highest amount of production a business can maintain for an extended time without needing to raise its fixed expenses.

Capacity

The maximum level of output that a company can sustain to make a product or provide a service, taking into account current resources and facilities.

Short Run

A time period in economics during which at least one input is fixed while others may be variable, affecting the production and costs of a business.

Long Run

In economics, the long run refers to a period in which all inputs or factors of production can be varied and no costs are fixed.