Exhibit 15.2 The Following Questions Employ the AON Network and Completed Spreadsheet

question 9

Multiple Choice

Exhibit 15.2
The following questions employ the AON network and completed spreadsheet below.
-Which of the following correctly describes the focus of the Critical Path Method (CPM) ?

• A) To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
• B) To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
• C) To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
• D) To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, preparing the books for the next accounting period.

Adjusting Entries

Entries in the books of accounts made during the final part of an accounting cycle to distribute profits and costs to their rightful period.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Adjusting Entries

Records entered into accounting logs at the close of an accounting period to assign earnings and expenses to the period they truly happened.