A High Definition Television Manufacturer in Asia Wants to Develop

question 20

Multiple Choice

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions
-What is the critical path

• A) A-B-E
• B) A-C-F
• C) A-C-D-F
• D) A-B-D-F

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single participant can significantly influence price.

Economies of Scale

The reduction in per-unit production costs that occurs when companies grow their scale of operation, demonstrating how larger operation capacity can lead to cost efficiencies.

Price Ceiling

A government-imposed limit on the price charged for a product, intended to prevent prices from rising to levels that are deemed unaffordable or exploitative.

Fair Rate of Return

An acceptable profit level for an investor or entrepreneur, typically established by regulatory agencies for monopolies or utilities.