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A Public Good Is a Good or Service for Which

question 53

Multiple Choice

A public good is a good or service for which exclusion is _____ and that is _____ in consumption.


Definitions:

PERT Times

Estimated durations for activities involved in a project, used in the Program Evaluation and Review Technique for planning and scheduling.

Optimistic Time

The “best” activity completion time that could be obtained in a PERT network.

Probable Time

An estimate of the amount of time that might reasonably be expected to be needed to complete a specific task or project.

Expected Activity Time

In project management, it's the best estimate of the time required to complete a task, considering various factors like resources and complications.

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