If an Activity's Cost Is Plotted Against Its Duration on Axes

question 3

Multiple Choice

If an activity's cost is plotted against its duration on axes with zeros at the origin:

• A)The slope of the line is positive because it costs more to finish an activity more quickly.
• B)The slope of the line is negative because a shorter activity costs less than a longer one.
• C)The slope of the line is negative because it costs more to finish an activity more quickly.
• D)The slope of the line is positive because a longer activity costs more than a shorter one.

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Definitions:

Equal To Standard

Equal to standard implies that a process, product, or performance measures up to established benchmarks or criteria of quality and efficiency.

Planning

The process of setting objectives and determining how to accomplish them.

Control Process

The systematic effort within an organization to guide activities towards meeting goals and objectives, typically involving establishment, monitoring, and adjusting of standards.

Performance Objectives

Specific goals and targets set for employees or departments to achieve, linked to the overall strategic objectives of an organization.