Knowing the term and their definitions are important. Column A has terms covered in Chapters $4,5,$ and $5$S$.$ Match the terms in column A with the definition in column B$.$ There is only one match, and the definitions are only used once.

Completing this exercise counts as a participation posting and does not require citing or references

Column A

Economies of Scale

Earned Value Management $($EVM$)$

Critical Path

Expected Value

Time$-$Cost Model

Strategic Capacity Planning

Capacity Utilization Rate

Gantt Chart

Net Present Value

Payback Period

Internal Rate of Return

Opportunity Cost

Focused Factory

Slack Time

Economics of Scope

Column B

The sequence of activities forms the longest chain regarding their time to complete.

Multiple products are produced at a lower cost in combination than they can be separated.

Shows the time and sequence of activities.

The expected outcome is multiplied by the probability of its occurrence.

The time for an investment to return earnings equals the cost of the investment.

The benefit is lost because of choosing one action over an alternative course of action.

The time that an activity can be delayed without delaying the entire project.

As volume grows, the unit cost drops, but at some point, the plant is too big, and costs go up$.$

A Measure of how close the current output rate is to the best operating level.

The value of a projected income stream exceeds the cost of an investment.

Referred to as crashing a project.

Combines Scope, schedule, and cost to evaluate projects.

The rate equates the present value of an income with the cost of an investment.

The capacity level of capital$-$intensive resources to support a long$-$term strategy.

Designed for a limited set of production objectives.

Answer with the Number in Column A and the letter in Column B$.$ For example, $1-$F or $2-$C or $6-$H and so on$.$