In a Network Diagram, an Activity

question 44

Multiple Choice

In a network diagram, an activity:

• A) is the largest unit of work effort consuming both time and resources that a project manager can schedule and control.
• B) is the smallest unit of work effort consuming both time and resources that a project manager can schedule and control.
• C) should always be something the company has had experience with.
• D) must always have a single, precise estimate for the time duration.

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Definitions:

Normal Rate

The standard or usual rate for a task or service, often related to wages or interest.

Cost Per Bushel

A measure of the expenses incurred to produce a bushel of an agricultural product, such as grains.

Profit

The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Total Revenue

The total amount of money a company receives from its sales of goods or services, not subtracting any costs.