The BEST Approach to Network Representation of a Large and Hugely

question 12

Multiple Choice

The BEST approach to network representation of a large and hugely complex project is to:

• A)Represent all activities and relationships.
• B)Simplify network logic and reduce it to the most meaningful relationships.
• C)Use AOA.
• D)Use AON.

---

Definitions:

Average Fixed Costs

Production's steady costs, unchanged by the amount of production, divided across the output quantity.

Total Variable Costs

The overall expenses that vary directly with the level of production output, such as raw materials and labor.

Marginal Cost

The escalation of full cost associated with manufacturing an additional unit of a good or service.

Output

The amount of products or services that a company, sector, or nation generates over a specific period of time.