The chairman and vice chairman of the board of the Federal Reserve are:
A) elected by the Fed's board of governors.
B) appointed by the Senate.
C) appointed by the US president.
D) elected by representatives of the Fed's district and branch banks.
E) appointed by the House of Representatives.
Question 2
If you were to look at a PERT chart for assembling a hamburger at McDonald's, you would see that grilling the beef patty and applying ketchup to the bun can be performed simultaneously. Grilling the patty takes 120 seconds, and applying the ketchup to the bun takes 10 seconds. Other steps in the process take a total of 35 seconds. The length of the critical path is:
A) 110 seconds.
B) 95 seconds.
C) 120 seconds.
D) 155 seconds.
E) 45 seconds.