36) Variable expenses are any person, group of people, piece of equipment, or material used in
accomplishing an activity.
CLLO: Discuss best practices for selecting, evaluating, and managing information systems
projects
Classification: Application
AACSB: Information Technology, Application of Knowledge
37) Critical path scheduling is a scheduling technique whose order and duration of a sequence of
task activities directly affect the completion date of a project.
Gantt charts and network diagrams.
CLLO: Discuss best practices for selecting, evaluating, and managing information systems
projects, Explain how information systems can be used to assist in decision making
Classification: Application
AACSB: Information Technology, Application of Knowledge
38) If an activity’s optimistic time is four days, its realistic time is 10 days, and its pessimistic
time is 25 days, then its estimated time would be 11.5 days.
Gantt charts and network diagrams.
CLLO: Discuss best practices for selecting, evaluating, and managing information systems
projects, Explain how information systems can be used to assist in decision making
Classification: Application
AACSB: Information Technology, Application of Knowledge
39) An activity on the critical path will have a slack time of 1.
Gantt charts and network diagrams.
CLLO: Discuss best practices for selecting, evaluating, and managing information systems
projects, Explain how information systems can be used to assist in decision making
Classification: Application
AACSB: Information Technology, Application of Knowledge
40) A planned undertaking of related activities to reach an objective that has a beginning and an
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