You Are Planning a Project to Develop a New Social

question 11

Multiple Choice

You are planning a project to develop a new social media software application.What type of chart will help you coordinate the sequence of activities and schedules to estimate time to completion?

• A)Gantt chart
• B)PERT chart
• C)critical path diagram
• D)swim lane chart

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Definitions:

Expenses

Outflows or depletions of assets or incurrences of liabilities during a period as a result of delivering or producing goods, rendering services, or carrying out other activities linked to an entity's main operations.

Variable Costing

A costing method where variable manufacturing costs are treated as product costs, and fixed manufacturing overhead is treated as a period cost.

Net Income

The amount of earnings left after all expenses, including taxes and costs, have been subtracted from total revenue.

Fixed Overhead

Fixed overhead consists of the consistent, ongoing costs not directly tied to production levels within a business, such as rent, insurance, and salaries.