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Which of the following control techniques is most likely to emphasize the importance of time?

a. Break-even chart
b. Physical standards
c. Quality circles
d. Variable budgeting
e. Program Evaluation and Review Technique (PERT)

1 Answer

6 votes

Final answer:

The control technique most likely to emphasize the importance of time is the Program Evaluation and Review Technique (PERT), which is a project scheduling tool. Average cost, average variable cost, variable costs, and marginal cost are measured on a per-unit basis, while fixed costs are not. Production technology encompasses the methods and equipment used in the production process.

Step-by-step explanation:

To answer the student's question about which control technique is most likely to emphasize the importance of time, we need to look at the options provided. A Program Evaluation and Review Technique (PERT) is the most closely associated with time and project scheduling. PERT is a method used to estimate the minimum amount of time needed to complete a project with uncertain activity times. It's a management tool that allows for plotting and visualizing tasks in a project, their dependencies, and the critical path - which is the sequence of tasks that determine the minimum project duration. By estimating the shortest, the most likely, and the longest time for each task, it allows project managers to analyze the time needed to complete a project and helps in identifying any potential delays early on.

When considering the options for per-unit cost measurement, it is important to know that fixed costs are not measured on a per-unit basis, because they do not vary with the level of output. On the other hand, the average cost, average variable cost, variable costs, and marginal cost can all be analyzed on a per-unit basis. The average cost refers to the total cost divided by the number of goods produced, the average variable cost is the variable cost per unit, and marginal cost is the cost of producing one additional unit of a product.

Production technology refers to the combination of labor, materials, and machinery used in the production process. Advanced production technologies can lead to increased productivity, efficiency, and quality of products.

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