PERT and CPM Are Applicable Only When There Is No

question 27

True/False

PERT and CPM are applicable only when there is no dependence among activities.

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Definitions:

Bailee's Sole Benefit

Bailee's sole benefit occurs when a bailment is made for the advantage of the bailee only, with no benefit accruing to the bailor.

Gratuitous Loan

A loan where the lender does not charge interest or fees, often made among family or friends or for charitable reasons.

Bailor's Sole Benefit

Refers to a situation in a bailment where the benefit of the arrangement is exclusively for the bailor, with the bailee undertaking the responsibility without receiving any benefit.

Without Compensation

Performing an action or providing a service without receiving any form of payment or benefit in return.