In PERT Diagrams the Shortest Completion Time of the Entire

question 94

Multiple Choice

In PERT diagrams the shortest completion time of the entire project is equal to:

• A)The shortest path through the network
• B)The longest path through the network
• C)The easiest path through the network
• D)The most difficult path through the network
• E)The path of least resistance

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Definitions:

Efficiency Loss

Reductions in combined consumer and producer surplus caused by an underallocation or overallocation of resources to the production of a good or service. Also called deadweight loss.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.

Actual Production

The quantity of goods or services produced by a firm, industry, or economy within a specific period, factual and not estimated.