In PERT,the Activity Duration Time Is Equal To

question 21

Multiple Choice

In PERT,the activity duration time is equal to:

• A)pessimistic time
• B)optimistic time
• C)most likely time
• D)mean duration

Understand the principles and applications of process costing systems.

Analyze the impact of allocating service department costs on operating departments.

Calculate equivalent units of production and costs using the first-in, first-out (FIFO) method.

Distinguish between the weighted-average and FIFO methods in process costing.

---

Definitions:

Assignment of Rights

The transfer of rights, properties, or obligations from one party to another.

Third-Party Beneficiary

A person or entity that benefits from a contract made between two other parties, despite not being a party to that contract themselves.

Delegation

The act of assigning responsibility or authority from one person to another to carry out specific activities, while the original party remains accountable for the outcome.

Delegator's Duty

In the context of delegated tasks, this refers to the responsibility of the individual or party who has transferred a duty to another to ensure the duty is performed appropriately.