Here Are the Data for a Time-Cost CPM Scheduling Model

question 2

Multiple Choice

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by one day, what is the total time of the project and total cost?

• A)Total time is 13 days, total cost is $1,500.
• B)Total time is 12 days, total cost is $2,000.
• C)Total time is 12 days, total cost is $2,300.
• D)Total time is 11 days, total cost is $1,850.
• E)Total time is 11 days, total cost is $2,350.

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Definitions:

Quantum Valebant

A principle in contract law that allows for the recovery of as much as deserved, or the reasonable value of goods or services rendered when no contract price was established.

Commission

A fee paid to an agent or employee for conducting a transaction or performing a service.

Promotional Costs

Expenses associated with marketing and advertising a business's products or services.

Estoppel

A legal principle that prevents a party from contradicting or asserting something contrary to a previous statement or behavior.