Activity 7-8 Is Directly Preceded by Two Activities-Activity 5-7 and Activity

question 19

Multiple Choice

Activity 7-8 is directly preceded by two activities-activity 5-7 and activity 6-7. Activity 5-7 has an expected time of five and an ES time of six. Activity 6-7 has an expected time of seven and an ES time of seven. Activity 7-8 has an expected time of 10. The ES for activity 7-8 is

• A)11.
• B)14.
• C)21.
• D)24.
• E)25.

Identify the point where marginal product equals average product.

Understand the implications of the law of diminishing returns on productivity and output.

Understand the graphical representation and interpretation of production functions, including total product curves.

Understand and explain various cognitive biases and their impact on decision making.

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Definitions:

Performance Feedback

Information given to individuals about their job performance, designed to guide and improve future performance.

Effective Performance

A level of functioning or achievement that successfully meets or exceeds set standards or expectations.

Organizational Performance

The measure of how effectively and efficiently an organization achieves its objectives.

Performance Appraisal

A performance appraisal is the specific and formal evaluation of an employee to determine the degree to which the employee is performing his or her job effectively.