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Table 31
Time (Weeks) -Using Table 3

question 35

Multiple Choice

Table 3.1
Time (weeks)
 Activity  Immediate  Predecessor(s)   Most  Optimistic  Most  Likely  Most  Pessimistic  A 1123 B  A 2412 C  A 123 D  B 678 E  B,C 101214 F  D 234 G  E,F 1515 H  A 2514\begin{array} { | c | c | c | c | c | } \hline \text { Activity } & \begin{array} { c } \text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array} { c } \text { Most } \\\text { Optimistic }\end{array} & \begin{array} { c } \text { Most } \\\text { Likely }\end{array} & \begin{array} { c } \text { Most } \\\text { Pessimistic }\end{array} \\\hline \text { A } & - 1 & 1 & 2 & 3 \\\text { B } & \text { A } & 2 & 4 & 12 \\\text { C } & \text { A } & 1 & 2 & 3 \\\text { D } & \text { B } & 6 & 7 & 8 \\\text { E } & \text { B,C } & 10 & 12 & 14 \\\text { F } & \text { D } & 2 & 3 & 4 \\& & & & \\\text { G } & \text { E,F } & 1 & 5 & 15 \\\text { H } & \text { A } & 2 & 5 & 14 \\\hline\end{array}
-Using Table 3.1,which activity will have the largest amount of slack?

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Definitions:

Discretionary Policy

A policy where government entities, like central banks or governments themselves, decide on actions or measures to take based on current economic conditions.

Self-corrective Forces

Mechanisms within the market economy that work to naturally correct imbalances and return the economy to a state of equilibrium without external intervention.

Rational Expectations

The hypothesis that individuals form forecasts about the future based on all available information in a way that is consistent with the actual structure of the economy.

Active Stabilization Policy

Economic policies aimed at minimizing business cycle fluctuations through fiscal and monetary interventions by the government.

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