Answer the following statement(s) true (T) or false (F)
1. The shortest sequence of activities in a project is referred to as the critical path.
2. All critical path activities have a slack time greater than zero.
3. The optimistic activity completion time could occur if everything goes according to plan with the activity.
4. The variance of the project’s completion time is determined by summing the variances of the critical path activities.
5. A noncritical activity with high variance could possibly become critical in some situations.
1. False
2. False
3. True
4. True
5. True
You might also like to view...
Under the direct method, which one of the following would represent cash paid?
A) gains on sales of plant assets B) losses on sales of plant assets C) depreciation expense, adjusted for changes in depreciation methods D) interest expense, adjusted for changes in interest payable and amortization of bond premium or discount
Users rely on the auditors' independent assessment of financial statement presentation because few users have direct knowledge of the company's operations
a. True b. False Indicate whether the statement is true or false
Jim places a new lift truck (7-year MACRS property) into service on January 16, 2019. He pays $30,000 for the truck. This is the only business asset placed into service during this year. Jim does not desire to use the Section 179 election. What is the maximum depreciation Jim may deduct for the current year?
A. $-0- B. $4,287 C. $6,000 D. $8,574 E. $30,000
A net loss is shown on the work sheet in the credit columns of both the Income Statement columns and the Balance Sheet columns
Indicate whether the statement is true or false