Which of the following statements regarding PERT analysis is true?
A) Each activity has two estimates of its duration.
B) Project variance is the sum of all activity variances.
C) Project standard deviation is the sum of all critical activity standard deviations.
D) Only critical activities contribute to the project variance.
E) The most likely time is equivalent to the expected activity time.
D
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Which of the following does not describe appropriate space management?
A. High turnover items need to be restocked more frequently to avoid stockouts. B. A retailer overallocates space to some low-productivity categories such as milk because an extensive assortment in these categories attracts customers to the store and positively affects the sales of categories with higher GMROIs. C. Merchandise categories with high GMROI merit more space than merchandise categories with lower GMROI do. D. Less space is allocated to fast-selling merchandise to allow more shelf space to encourage sales of slower-moving items. E. A retailer overallocates space to categories purchased by their platinum customers, the customers with the highest lifetime value.
Consider the following two activities: (1 ) performing warranty work, cost: $60,000. The warranty cost of the most efficient competitor is $10,000. (2 ) Purchasing components, cost: $100,000 (5,000 purchase orders). A study reveals that the most efficient level would use 2,500 purchase orders and entail a cost of $55,000. What is the nonvalue-added cost?
A) $55,000 B) $60,000 C) $45,000 D) $100,000
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What will be an ideal response?
Stock that accumulates unpaid dividends until they are all paid is known as _________ ________ stock.
Fill in the blank(s) with the appropriate word(s).