The Beginning and End Points, Known as Nodes, in a Series

question 188

True/False

The beginning and end points, known as nodes, in a series of sub-activities on a CPM/PERT often have arrows between them to indicate what order tasks must be completed.

---

Definitions:

Total Benefit

The complete gain obtained from consuming a good or service.

Patent System

A legal system granting inventors exclusive rights to their inventions, preventing others from making, using, selling, or distributing the patented invention without permission.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the design of machinery or equipment.

Negative Externality

An economic situation where a third party suffers costs or disadvantages as a result of a transaction between others, often related to pollution or environmental impact.