Examlex
In the circular flow diagram, firms ________ labor and households ________ goods and services.
Immediate Predecessors
The tasks or activities that must be completed directly before a specific activity can start, in a project or process sequence.
Activity Duration
The total time period required to complete a specific task or activity within a project, from start to finish.
PERT Network
A project management tool used to schedule, organize, and coordinate tasks within a project, PERT stands for Program Evaluation and Review Technique and it visually illustrates a project’s timeline and the dependencies between tasks.
Non-Critical Activities
Tasks or processes in project management that have slack and therefore, do not impact the project's completion time if delayed.
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