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:

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.

Total Revenues

The overall amount of money generated by a business from its sales or services before any costs or expenses are deducted.

Normal Rate

The standard or average rate at which something occurs, such as interest rates, inflation, or unemployment rates.

Accounting Profit

The net income of a business as calculated by subtracting total expenses from total revenues, according to standard accounting principles.