You Are Responsible for Managing a Project with the Following

question 103

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 activity should one crash to reduce the project completion time by two weeks at minimum crash costs?

• A) A and F.
• B) A and G.
• C) A and E.
• D) G and F.

Differentiate between an offer and an invitation to negotiate.

Understand the impact of the offeror’s incapacity or death on the offer.

Grasp the concept of mirror image rule in contract acceptance.

Realize how auctions and advertisements differ from formal offers.

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Definitions:

Completed

The state of having finished or accomplished a task, project, or objective.

Central Question

The primary or core question that guides the focus of a research study, discussion, or project.

External Control

Mechanisms imposed by external entities, such as regulations or laws, that influence or limit the behavior of organizations or individuals.

Personal Supervision

Direct oversight by an individual, typically a manager or supervisor, over the work and performance of subordinates.