A Contractor's Project Being Analyzed by PERT Has an Estimated

question 9

Multiple Choice

A contractor's project being analyzed by PERT has an estimated time for the critical path of 120 days.The sum of all activity variances is 81;the sum of variances along the critical path is 64.What is the probability that the project will take 130 or more days to complete?

• A)0.1057
• B)0.1335
• C)0.8512
• D)0.8943
• E)1.29

Explain the distinctions between different types of investments (foreign direct and portfolio) and their impacts on the economy.

Identify factors contributing to variations in economic growth rates among countries.

Recognize the significance of technological knowledge and human capital in enhancing productivity.

Analyze the role of policy orientations (inward vs. outward) and their effects on economic growth.

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Definitions:

Expectancy Theory

Is a fairly complex process theory of motivation that casts the employee in the role of decision maker. Basically, an employee decides whether or not to exert effort, depending on the outcomes he or she anticipates receiving for those efforts as based on calculations concerning expectancies, instrumentalities, valences, and the links among these three components.

ProMES

A performance management system that aims to improve organizational effectiveness by clarifying expectations and objectives.

Goal Theory

First proposed by Ed Locke, goal theory is a fairly simple model of motivation based on the premise that people with goals work harder than people without goals. Beyond that, the theory suggests that not all goals are created equal, and that goals that are difficult and yet specific and concrete will motivate employees best.

Specific

Clearly defined or identified; precise or exact.