Colson Corp

question 20

Multiple Choice

Colson Corp.has planned a simple project having four tasks.The task information for the project is shown below: Does any task have slack? If so, how much?

• A)None of the tasks have slack.
• B)Task B has 3 days of slack.
• C)Task C has 4 days of slack.
• D)Task D has 2 days of slack.
• E)Task C has 3 days of slack.

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.

Available Resources

The assets, materials, and inputs that are available for use in the production of goods and services.

Inferior Technology

Technology that is less efficient or effective compared to the available alternatives.

Production Possibilities Frontier

A curve depicting the maximum feasible combinations of two or more goods or services an economy can produce when all resources are fully and efficiently utilized.