Industrial Engineering and Production Management
Slack represents the difference between the

Normal allowable time and the latest expected time
Proposed allowable time and the earliest expected time
Latest allowable time and the normal expected time
Latest allowable time and the earliest expected time

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Industrial Engineering and Production Management
The critical path of a network represents

Maximum cost required for completion of project
Minimum cost required for completion of project
The maximum time required for completion of project
The minimum time required for completion of project

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