A PERT Chart

question 7

Multiple Choice

A PERT chart:

• A) portrays a project as a network diagram consisting of numbered nodes that represent tasks.
• B) is used to evaluate project risk and time.
• C) displays a horizontal bar for each project task.
• D) tracks progress of, and modifications to, project tasks.
• E) is used to evaluate project costs and benefits.

---

Definitions:

FIFO

"First In, First Out," an inventory valuation method where goods purchased or produced first are sold or used first.

Exchange Gain

A profit resulting from foreign currency transactions, due to favorable changes in exchange rates.

Exchange Rate

The rate at which one currency can be exchanged for another, often determined by financial markets or government policy.

Cash Payment

The act of paying for goods or services with cash rather than through credit or any form of deferred payment.