You Are Responsible for Managing a Project with the Following

question 11

Multiple Choice

You are responsible for managing a project with the following activities (times are given in weeks) :
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$) \\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$
-What is the critical path and expected completion time for this project?

• A) B-D-G; 12 weeks
• B) A-D-G; 12 weeks
• C) B-G; 10 weeks
• D) A-F-G; 14 weeks

Compare the effectiveness of tariffs and quotas in blocking imports.

Explain the reasons nations engage in international trade.

Understand the role and functions of the World Trade Organization (WTO).

Discuss various trade policies and agreements, including GATT and the Trade Adjustment Assistance Act.

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Definitions:

Emigrate

To leave one's country of origin to live permanently in another country.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often through increased industrial activity and improvements in living standards.

Indebtedness

The state of owing money or being under financial obligation to another entity, which can apply to individuals, corporations, or countries.

Global Prices

The standard cost of goods and services determined by the global market, affecting economies worldwide.