1. The problem asks whether the statement "The longest time path through a PERT/CPM network is called the critical path" is true or false. 2. In project management, PERT (Program Evaluation Review Technique) and CPM (Critical Path Method) are techniques used to analyze the sequence of activities. 3. The critical path is defined as the longest path through the network diagram, which determines the shortest possible project duration. 4. This means any delay in the critical path activities will delay the entire project. 5. Therefore, the statement is true.