The critical path is the path through the PERT network with the
a. shortest completion time.
b. longest completion time.
c. most probable time.
d. pessimistic time.
Ans: b. longest completion time.
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Berry, Drake, and Flanigan are partners in a general partnership. The partners made capital contributions as follows: Berry, $150,000; Drake, $100,000; and Flanigan, $50,000. Drake made a loan of $50,000 to the partnership. The partnership agreement specifies that Flanigan will receive a 50% share of profits and that Drake and Berry each will receive a 25% share of profits. Under the Revised Uniform Partnership Act and in the absence of any partnership agreement to the contrary, which of the following statements is correct regarding the sharing of losses?
A. The partners will share equally in any partnership losses. B. The partners will share in losses on a pro rata basis according to the capital contributions. C. The partners will share in losses on a pro rata basis according to the capital contributions and loans made to the partnership. D. The partners will share in losses according to the allocation of profits specified in the partnership agreement.
A decrease in the sales of a current project because of the launching of a new project is:
A) cannibalization. B) a sunk cost. C) an overhead expense. D) irrelevant to the investment decision.