Shortening the Total Time for Completing a Project by Incurring

question 4

Multiple Choice

Shortening the total time for completing a project by incurring higher costs from shortening activities is ________.

• A) normal cost
• B) backward pass
• C) crashing
• D) leveling
• E) project control

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Definitions:

Price Ceiling

A legal maximum price set by a government on certain goods and services, above which they cannot be sold.

Supply and Demand

A fundamental economic model that describes how prices and quantities of goods and services are determined in a market.

Price Ceiling

A maximum legal price that can be charged for a product or service, above which it cannot rise.

Price Ceiling

A price ceiling is a government-imposed limit on the price charged for a product, intended to prevent prices from rising too high.