A project has activities with the following durations: A=5 days, B=3 days, C=7 days, D=4 days. Path 1: A→C (12 days), Path 2: B→D (7 days). What is the total float for Path 2?
Correct Answer
A) 5 days
Total float is the difference between the critical path duration and the path duration. Path 1 (12 days) is critical, Path 2 is 7 days, so total float = 12 - 7 = 5 days.
Why This Is the Correct Answer
Total float represents the amount of time an activity or path can be delayed without affecting the project completion date. It is calculated by subtracting the non-critical path duration from the critical path duration. Since Path 1 (A→C) takes 12 days and is the longest path, it becomes the critical path that determines project duration. Path 2 (B→D) takes only 7 days, so it has 12 - 7 = 5 days of total float before it would impact the overall project schedule.
Why the Other Options Are Wrong
Option B: 0 days
0 days would indicate that Path 2 is also critical, but since it's shorter than Path 1, it has available float time
Option C: 3 days
3 days doesn't represent any meaningful calculation in this context - it's neither the path duration nor the correct float calculation
Option D: 7 days
7 days is the duration of Path 2 itself, not the float time available for delays
Memory Technique
Remember 'Float = Critical - Current' - the float time equals the critical path duration minus the current path duration
Reference Hint
Project Management chapter, specifically Critical Path Method (CPM) and float calculations section
More Business & Finance Questions
A general contractor purchases equipment worth $45,000 with a useful life of 9 years and no salvage value. Using straight-line depreciation, what is the annual depreciation expense?
What is the typical recommended coverage amount for general liability insurance for a small to medium-sized general contracting business?
A contractor estimates startup costs of $75,000 for equipment, $25,000 for initial inventory, $15,000 for insurance premiums, and $10,000 for working capital. They can finance 70% of the total. How much cash do they need?
When establishing professional relationships with architects and engineers, what is the most important factor for a general contractor to consider?
A partnership agreement for a construction company should address all of the following EXCEPT:
A contractor purchases a truck for $60,000. After 5 years, it has accumulated depreciation of $35,000. What is the truck's book value?
A contractor's business plan projects first-year revenue of $500,000 with a 15% net profit margin. If actual revenue is $450,000 with the same profit margin, what is the variance in net profit?
Using the Modified Accelerated Cost Recovery System (MACRS), construction equipment is typically depreciated over how many years?
A contractor is comparing financing options for equipment purchase. Option A: $80,000 cash purchase. Option B: $20,000 down, $65,000 financed at 6% for 4 years. What is the total cost of Option B?
A contractor purchases equipment using a capital lease with a present value of $120,000. How should this be recorded on the balance sheet?
