Consider the Project That Is Neatly Summarized in This Table

question 23

Multiple Choice

Consider the project that is neatly summarized in this table.What are the top two priority activities when using the smallest duration leveling heuristic? $$\begin{array} { | l | l | l | l | } \hline\text { Activity } & \text { Duration } & \text { Predecessors } & \text { Workers Required } \\\hline \text { A } & 2 & - & 3 \\\hline B & 4 & \text { A } & 4 \\\hline \mathrm { C } & 6 & \text { A } & 2 \\\hline \mathrm { D } & 7 & \mathrm {~B} & 5 \\\hline \mathrm { E } & 9 & \mathrm { C } , \mathrm { D } , \mathrm { E } & 2 \\\hline\end{array}$$

• A)B and C
• B)A and B
• C)C and E
• D)A and E

Recognize the implications of bidder information and valuation differences on auction outcomes.

Understand the expected revenue outcomes for sellers based on auction design and bidder valuations.

Grasp the strategic implications of Vickrey (second-price sealed-bid) auctions for bidders and sellers.

Understand the concept of the winner's curse and its implications for bidding strategy.

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Definitions:

Safety Stock

Extra inventory held to guard against shortages due to fluctuations in demand or supply.

Manufacturing Process

Encompasses the procedures and methods used to turn raw materials into finished goods through various phases of production.

Effective Annual Rate

The actual return on an investment after accounting for compounding interest over a year, providing a true reflection of financial returns.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment schedule and interest rates.