The Main Difference Between PERT and CPM Is That

question 34

Multiple Choice

The main difference between PERT and CPM is that:

• A) PERT is more accurate than CPM.
• B) PERT assumes that activity durations are known.
• C) PERT ignores activity costs.
• D) CPM assumes activity durations can vary.
• E) PERT employs three time estimates for each activity.

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Definitions:

Cash Payments

Financial activities that result in the spending of cash to fulfill debts or acquire products and services.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure they are in agreement.

Journal Entries

Records that document financial transactions in an accounting system, indicating the accounts and amounts to be debited and credited.

Bank Memos

Bank memos are notes or records created by a bank to document adjustments made to a bank account, explaining any changes or transactions.