The Primary Advantage of PERT Is That It Removes Uncertainty

question 27

True/False

The primary advantage of PERT is that it removes uncertainty from the estimates of activity durations,thereby increasing confidence in the reliability of a project schedule.

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Definitions:

Stable Inflation

A situation in which the rate of inflation is low and changes very slowly over time.

Marginal Tax Rate

The amount by which taxes increase from an additional dollar of income.

Interest Income

Earnings received from investments in financial assets like savings accounts, certificates of deposit, or bonds, typically expressed as a percentage of the principal.

Aggregate Demand

The aggregate need for every product and service in an economy, measured at a specific overall price level during a certain time frame.