Identify the Formal Approach That Creates Three Time Estimates for an Activity

question 6

Multiple Choice

Identify the formal approach that creates three time estimates for an activity.

• A)Program Evaluation and Review Technique (PERT)
• B)Work breakdown structure (WBS)
• C)Gantt chart technique (GCT)
• D)Grid breakdown structure (GBS)

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Definitions:

Primary Reserves

Liquid assets held by financial institutions to meet regulatory requirements and immediate liquidity needs.

Secondary Reserves

Assets that are easily convertible into cash but are not held in the form of cash itself, serving as a backup for primary reserves in financial institutions.

Borrow From The Fed

The act of financial institutions taking loans from the Federal Reserve, usually to maintain reserve requirements or to stabilize liquidity.

Fiscal Policy

Government policies regarding taxation and spending designed to influence economic conditions, such as growth rates, inflation, and employment.