PERT and CPM
a. are most valuable when a small number of activities must be scheduled.
b. have different features and are not applied to the same situation.
c. do not require a chronological relationship among activities.
d. have been combined to develop a procedure that uses the best of each.
d
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In order to be classified as an extraordinary item in the income statement, an event or transaction should be
a. unusual in nature, infrequent, and material in amount. b. unusual in nature and infrequent, but it need not be material. c. infrequent and material in amount, but it need not be unusual in nature. d. unusual in nature and material, but it need not be infrequent.
If demand changes considerably, with a small change in price, the demand is said to be ________
A) unit elastic B) elastic C) inelastic D) marginal E) strained