If a Delay in an Activity Will Delay Completion of the Whole

question 17

Multiple Choice

If a delay in an activity will delay completion of the whole project, the activity ____________________.

• A) is on the critical path
• B) has slack
• C) is costly
• D) is a dummy
• E) is represented by a node

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Definitions:

Liquidated Debt

A debt for which the exact monetary value has been determined and acknowledged by both the debtor and the creditor.

Accord and Satisfaction

A legal settlement where a disputing party agrees to accept a payment or performance that is different from what was originally owed or expected, thereby settling the claim.

Preexisting Duty

An obligation that one party already legally owes to another under a contract, which cannot serve as consideration for a new contract.

Illusory Consideration

A promise or apparent agreement that lacks the actual commitment or substance to be legally enforceable as consideration in a contract.