​The Main Difference Between CPM and PERT Is

question 50

Multiple Choice

​The main difference between CPM and PERT is

• A) ​the use of different activity time estimates.
• B) ​PERT analysis is less expensive to conduct.
• C) ​PERT lends itself to computerization while CPM networks must be constructed manually.
• D) ​CPM integrates time and cost performance while PERT is based solely on time performance.

Determine cost of goods sold from available financial information.

Perform comprehensive analysis to prepare financial statements including income statement and balance sheet related to manufacturing accounts.

Compute sales revenue and expenses impacting net income.

Analyze changes in inventory accounts and their effects on cost of goods sold and manufactured.

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Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is believed to contain the true population parameter with a specified level of confidence.

Population Parameter

A numerical value summarizing the whole population.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.

Population Mean

The average value of all the elements in a population.