Discuss a PERT chart and its principal features
The project evaluation and review technique (PERT) is a tool for showing relationships among key activities that constitute the construct and delivery process. The principal features of the diagram are:
1 . Activities or tasks to be completed during the project are labeled in alphabetical order on the lines, along with their estimated time of completion.
2 . Events are numbered and mark the completion of one activity and the start of another.
3 . Paths are routes through the diagram that connect the events from first to last.
4 . Critical path is the path with the greatest overall time. Any delay in the activities along this path will extend the overall project time.
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In contrast to the managerial reporting process, the financial reporting process prepares all of the following financial statements except:
a. the balance sheet b. the income statement c. the standard costing variance report d. the statement of owner equity
How should dividends in arrears be shown on a corporation's balance sheet?
A) As an increase in liabilities. B) In a note or in the body of the financial statements. C) As a decrease in assets. D) As an increase in stockholders' equity.
The Act that allows banks to transmit electronic images of checks, thus allowing funds to be transferred immediately is known as
A) Check 2004. B) the Electronic Check Act of 2004. C) the Fraud Detecting Act. D) Check 21.
A buyer who receives goods that are nonconforming may reject them as a breach of contract and withhold payment. This is referred to as:
a. buyer's duty of acceptance b. buyer's right of return c. buyer's right of inspection d. buyer's right of return e. none of the other choices are correct