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There are four activities on the critical path,and they have standard deviations of 1,2,4,and 2 days The standard deviation of the critical path is:
Economies of Scale
Refers to the cost advantage experienced by firms when production becomes efficient, as the scale of production increases, leading to a decrease in average costs per unit.
Horizontal Merger
A merger between companies in the same industry, often aiming to increase market share, reduce competition, or achieve economies of scale.
Synergy
The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts after a merger or acquisition.
Price-Earnings Ratio
A valuation metric for a stock, calculated by dividing the current market price of the stock by its earnings per share.
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