Free Slack Is the Amount of Time a Specific Activity

question 38

Multiple Choice

Free slack is the amount of time a specific activity can be

• A) postponed without delaying the earliest start time of its immediately preceding activities.
• B) postponed without delaying the earliest start time of its immediately succeeding activities.
• C) accelerated without delaying the latest start time of its immediately succeeding activities.
• D) accelerated without delaying the latest finish time of its immediately preceding activities.

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Definitions:

Carrying Cost

Costs related to the storage or maintenance of inventory for a duration, encompassing warehouse storage fees, insurance premiums, value depreciation, and the potential loss of other opportunities.

Reorder Point

The inventory level at which an order is triggered to replenish stock before it runs out.

Order Quantity

The amount of goods a company decides to purchase or produce in a single order.

Demand During Lead Time

The total quantity of a product that is expected to be sold or used during the time it takes to reorder and receive a shipment of the product.