Simple Project Listing of Five Activities and Their Respective Time

question 24

Multiple Choice

simple project listing of five activities and their respective time estimates are presented below:

Using CPM,which activities make up the critical path?

• A)A,C,D,E
• B)A,B,D,E
• C)A,C,B,D,E
• D)A,D,E
• E)None of these

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Definitions:

Disposable Income

Resources households have at their disposal for saving and expenditure once income taxes have been accounted for.

Marginal Propensity

Typically refers to the marginal propensity to consume (MPC), which is the proportion of an additional income that a consumer spends on goods and services as opposed to saving it.

Disposable Income

The income available for saving and spending after the deduction of income taxes from earnings is known as disposable income.

Consumption

The process by which goods and services are used up or consumed, typically referring to household consumption in economics.