A Project Consists of Four Activities with Information as Shown

question 24

Multiple Choice

A project consists of four activities with information as shown in the table.What is the overall variance of the project's duration? $\begin{array}{|l|l|l|l|}\hline&&&\text { Standard }\\ \text { Activity } & \text { Predecessor } & \text { Length } & \begin{array}{l}\text { Deviation }\end{array} \\\hline \text { A } & - & 10 & 2 \\\hline \text { B } & \text { A } & 12 & 3 \\\hline \text { C } & \text { A } & 16 & 2 \\\hline \text { D } & \text {B,C} & 14 & 3\\\hline \end{array}$

• A)13
• B)17
• C)26
• D)35

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Definitions:

Above-Equilibrium Wage

A wage rate higher than the market equilibrium wage, which can lead to unemployment due to the excess supply of labor.

Minimum-Wage Laws

Legislation that sets the lowest hourly rate that employers are allowed to pay their workers.

Unions

Organizations formed by workers from related sectors to negotiate collectively with employers over wages, benefits, and working conditions.

Efficiency Wages

Above-equilibrium wages paid by firms to increase worker productivity.