Table 7.13 All Activity Times for the Project Are in Weeks

question 18

Multiple Choice

Table 7.13
All activity times for the project are in weeks.

-Using Table 7.13, if the expected time for activity H is changed to 25 weeks, by how many weeks will the project's expected completion time increase?

• A) It will increase by one week.
• B) It will increase by three weeks.
• C) It will increase by two weeks.
• D) It will increase by four weeks.

---

Definitions:

Initial Record

Initial record refers to the first entry of a transaction into the accounting system. This record is crucial for maintaining the accuracy and integrity of financial data.

Perpetual Inventory

An inventory management system that updates item records on a continuous basis as transactions occur, providing real-time inventory levels.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, often used in accounting to determine inventory costs.

Cost Flow Assumption

An accounting assumption used to value and manage inventory by determining the cost of goods sold and ending inventory.