Which One of the Following Terms Refers to the Best

question 91

Multiple Choice

Which one of the following terms refers to the best option that was foregone when a particular investment is selected?

• A)Side effect
• B)Erosion
• C)Sunk cost
• D)Opportunity cost
• E)Marginal cost

---

Definitions:

Crash Duration

The shortest time period in which a task or project can be completed by allocating the maximum resources, often at increased cost.

Project Managers

Professionals responsible for planning, executing, and closing projects, managing resources and ensuring objectives are met.

Network Analysis Method

is a systematic approach used in project management that involves mapping out a project in terms of nodes (activities) and links (relationships), to identify the most efficient sequence of operations.

Detailed Components

Specific parts or elements of a product or system that are identified and described with precision, often in technical or engineering contexts.