There Are Four Activities on the Critical Path Coincidentally,their Standard

question 11

Multiple Choice

There are four activities on the critical path Coincidentally,their standard deviations are all equal to 4 The standard deviation of the critical path is therefore equal to:

• A)2 days
• B)4 days
• C)8 days
• D)16 days
• E)64 days

---

Definitions:

Binding Price Ceiling

A government-imposed maximum price on goods or services that is set below the market equilibrium price, leading to shortages.

Binding Price Floor

A government-imposed price control that sets a minimum price for a good or service above the equilibrium price, leading to excess supply.

Surplus

The excess of production or supply over demand, often leading to lower prices or wasted resources if not managed effectively.

Binding Price Floor

A government-imposed price control or limit on how low a price can be charged for a commodity, set above the equilibrium price, leading to a surplus of the product.