A Project Whose Critical Path Has an Estimated Time of 820

question 83

Multiple Choice

A project whose critical path has an estimated time of 820 days with a variance of 225 has a 20% chance that the project will be completed before which day (rounded to nearest day) ?

• A) 631
• B) 689
• C) 807
• D) 833
• E) 1009

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Definitions:

Receiving Report

A document that records the details of goods received by a company, ensuring the quantities and quality match the purchase order.

Initial Record

The first entry or documentation of a transaction or event in the accounting records.

Retail Inventory Method

An accounting method used to estimate the value of a store's merchandise by converting retail prices to cost prices.

Cost to Retail Ratio

A ratio used in inventory management that compares the cost of goods sold to the retail price of the goods.