A Project Has the Activity Duration and Cost Information Indicated

question 65

Multiple Choice

A project has the activity duration and cost information indicated in the table where all times are in weeks.There is a penalty of $250 per week for every week the project extends beyond 32 weeks.What is the duration of the least expensive project possible? $$\begin{array} { | l | l | l | l | l | l| } \hline \text { Activity } & \begin{array} { l } \text { Narmal } \\\text { time }\end{array} & \begin{array} { l } \text { Crash } \\\text { time }\end{array} & \begin{array} { l } \text { Narmal } \\\text { Cust }\end{array} & \begin{array} { l } \text { Crash } \\\text { Cast }\end{array} & \text { Predecessar } \\\hline \text { A } & 8 & 5 & \$ 1, 000 & 2,000 & \\\hline B & 6 & 4 & 1,500 & 2,000 & \text { A } \\\hline \mathrm { C } & 8 & 5 & 1,800 & 2,300 & \text { A } \\\hline \mathrm { B } & 12 & 9 & 1,000 & 1,800 & \mathrm {~B} \\\hline \mathrm { E } & 14 & 11 & 950 & 1,450 & \mathrm {~B} \\\hline \mathrm { F } & 9 & 7 & 1,500 & 1,900 & \mathrm { C } , \mathrm { D } \\\hline \mathrm { G } & 7 & 5 & 2,300 & 2,800 & \mathrm { E } , \mathrm { F } \\\hline\end{array}$$

• A)38 weeks
• B)37 weeks
• C)36 weeks
• D)35 weeks

Develop the ability to prepare financial statements, specifically post-closing trial balances, from given account balances.

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Definitions:

Labor Supply

The total hours that workers are willing and able to work at a given wage rate in a given period of time.

Maximize Profits

The process by which a firm chooses its production level and pricing strategy to earn the highest possible profit based on its costs and market demand.

Productivity

An indicator of production effectiveness typically expressed as the proportion of products generated to the resources used in creating them.

Output

The amount of goods or services produced by a company, industry, or economy within a particular period.