Multiple Critical Paths Can Exist Under the Critical Path Method

question 39

Multiple Choice

Multiple critical paths can exist under the critical path method (CPM) because

• A) there is more than one way to complete the project.
• B) different network paths can have the same total time.
• C) great flexibility of activity sequences is available.
• D) none of the above.

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Definitions:

Perfect Information

A state in which all participants in an economic market have complete and instantaneous knowledge of all market aspects that affect their transactions.

Expected Opportunity Loss

The potential loss in value for not choosing the best course of action in decision-making under uncertainty.

Perfect Information

An ideal state in decision-making processes where all parties have complete and accurate information.

Expected Payoff

The average amount one can expect to win or lose per bet or decision, calculated by weighing each possible outcome by its probability of occurring.