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

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

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Industrial Engineering and Production Management
Slack represents the difference between the

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

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