The _____ Is the Return a Buyer Would Have Earned

question 51

Multiple Choice

The _____ is the return a buyer would have earned from a different use of the same investment capital.

• A) sunk cost
• B) fixed cost
• C) opportunity cost
• D) gross revenue
• E) net revenue

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Definitions:

Expected Duration

The anticipated amount of time which will elapse before a particular project or activity is completed.

Critical Path

The critical path is the longest sequence of activities in a project plan that must be completed on time for the project to finish by its due date.

Activity Variance

The difference between the expected performance or cost of an activity and its actual performance or cost.

Preceding Activity

In project management, an activity that must be completed before a subsequent activity can begin.