Explain the importance of the critical path in project management
What will be an ideal response?
The critical path of activities determines the time duration of the project. Any slippage along the critical path means the project will be delayed. The critical path also defines the activities requiring the team's attention and focus to assure timely and cost effective completion of the project.
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The Taylor rule implies that the nominal federal funds rate should be increased if there is a _____ output gap or a _____ inflation gap.?
A. ?positive; positive B. ?positive; negative C. ?negative; positive D. ?negative; negative
A manufacturing process that is organized into group technology cells utilizing no human labor is called
a. islands of technology b. process simplification c. computer integrated manufacturing d. traditional manufacturing
The current ratio:
A. Is used to measure the relation between assets and long-term debt. B. Is used to measure a company's profitability. C. Is used to help assess a company's ability to pay its debts in the near future. D. Is calculated by dividing current assets by equity. E. Measures the effect of operating income on profit.
Conducting a preliminary screening of capital investment proposals falls under which stage of the management process?
A) Planning B) Performing C) Evaluating D) Communicating