If Deterministic Time Estimates Are Used,and If Project Deadlines Are

question 51

Multiple Choice

If deterministic time estimates are used,and if project deadlines are firm,there is a high likelihood that it will __________.

• A)not be necessary to crash any activities in projects
• B)be necessary to crash the last few activities of most projects
• C)be completed on time and within budget
• D)be completed as per schedule

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Definitions:

Inventory Costing Methods

Refers to the techniques used to determine the value of an inventory, including LIFO (Last In, First Out), FIFO (First In, First Out), and weighted average methods.

Consigned Merchandise

Goods that are sent by one party to another to sell, with payment to the consignor occurring only after the sale.

Consignee's Inventory

Goods that are held by a consignee but still legally belong to the consignor until sold, after which sales revenue is shared as per agreement.

Decreasing Costs

A situation where the total cost of production goes down as the volume of production increases.