Which Statement Is True of Critical Path Method (CPM)

question 35

Multiple Choice

Which statement is true of Critical Path Method (CPM) ?

• A)Activities on the critical path take the shortest time to be completed.
• B)It determines the critical path for the completion of a series of interrelated activities.
• C)Activities that are on the critical path are flexible and can be delayed without delaying a project.
• D)A delay in the activities of a project does not affect the scheduled delivery of the project.

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Definitions:

Long-Run Equilibria

A state in economics where all factors of production and costs are variable, and firms make decisions to maximize profits without any fixed inputs.

Demand Increases

A situation in which the desire and ability of consumers to purchase a good or service grow, typically leading to higher prices and potentially greater supply.

Market Supply

The total amount of a specific good or service that is available to consumers at current prices in a given market.

Long-Run Equilibrium

A state in which all firms in a market are making normal profits and there is no incentive for market entry or exit, usually achieved in the long term.