# Ch 5, 8, 12

Quiz by Angie Koslowski, updated more than 1 year ago
 Created by Angie Koslowski over 6 years ago
21
0

stats

## Resource summary

### Question 1

Question
Which decision making application involves fixed and variable costs?
• Factor Analysis
• Break even analysis
• NPV analysis
• Regression analysis

### Question 2

Question
How many decision alternatives are there in a standard decision table for a problem involving 3 states of nature and 15 payoffs?
• 3
• 5
• 18
• none of the others

### Question 3

Question
what is the crash slope for a task with normal time of 10 days, a crash time of 5 days, a normal cost of \$1000 and a crash cost of \$2000?
• 1000/day
• 200/day
• 400/day
• 0/day

### Question 4

Question
Which project management model is used for time reduction applications?
• Crashing
• Regression
• Slack
• PERT-Cost

### Question 5

Question
Which one of the following multiple time distributions are skewed left?
• 3, 4, 8
• 2, 2, 2
• 5, 8, 9
• 4, 6, 8

### Question 6

Question
The output distribution for a multiple time estimate project is assumed to be?
• Beta
• Normal
• Constant
• Uniform

### Question 7

Question
In an AOA network the nodes represent?
• Events
• Activities
• Down time
• Slack

### Question 8

Question
In a beta distribution the most likely time is?
• Closer to the most pessimistic time
• Closer to the most optimistic time
• Equal to the expected time
• None of the above

### Question 9

Question
Which variance should be used with a project with multiple critical paths?
• The smallest variance
• The largest variance
• The sum of all variances
• The average variance

### Question 10

Question
In crashing analysis the crashing cost function is assumed to be?
• Non-linear
• Uniform
• Linear
• Normal

### Question 11

Question
Which one of the following multiple time estimates is normally distributed?
• 1,5,9
• 3,3,3
• 2,3,11
• None of the above

### Question 12

Question
Slack is defined as?
• LF – LS
• Normal time – crash time
• LS – ES
• LS - EF

### Question 13

Question
Crash time is defined as the?
• Minimum time required for a task
• Maximum time required for a task
• Average slack time
• Normal time – slack time

### Question 14

Question
which project mgmt system was developed by dupont in 1957?
• CPM
• Gantt Chart
• Decision Tree
• PERT

### Question 15

Question
generally slack mgmt involves the administration of?
• Fundraising
• non critical path activities
• critical path activities

### Question 16

Question
in crashing, which activities are generally selected first?
• average cost
• highest cost
• non critical
• lowest cost

### Question 17

Question
the distribution of a project task with the time estimate 7,11,19 is?
• skewed left
• normally distributed
• uniformly distributed
• skewed right

### Question 18

Question
which DSS is used for determining the optimal minimum cost crashing schedule?
• NPV
• none of the others
• decision trees
• forecasting

### Question 19

Question
which graph shows the sequencing of tasks over time?
• flow chart
• decision tree
• histogram
• gantt chart

### Question 20

Question
an activity with a slack of zero is called a _______ activity
• none of the others
• critical
• earliest start
• completed

### Question 21

Question
which one of the following multiple time estimates will have an expected time equal to the most likely time?
• 7, 10, 12
• 4, 6, 8
• 3,4,8
• 2,5,11

### Question 22

Question
the output expected time distribution for a multiple time estimate project is assumed to be
• beta
• uniform
• normal
• constant

### Question 23

Question
which analytical process is used to determine the optimal way to reduce overall project time?
• PERT cost
• crashing
• slack management
• PERT

### Question 24

Question
which one of the following statements about gantt charts is true?
• shows the scheduling of individual projects over time
• evolved from the PERT chart
• Developed during WW2
• shows a plot of budget over time

### Question 25

Question
Slack is equal to?
• LST-LFT
• EST-LST
• LST-EST
• EST+LST

### Question 26

Question
which one of the following statements best describes the critical path?
• the sequence of tasks that takes the shortest time to complete
• the set of tasks that have more than one predecessor
• the sequence of tasks that takes the longest time to complete
• the set of tasks that has the lowest total costs

### Question 27

Question
PERT and CRM analysis are used for assessing the?
• shortest time in which a project can be completed
• all of the others
• resources needed to complete a project

### Question 28

Question
The primary purpose of supply chain management is to?
• Create exclusive suppliers
• Reduce inventory
• Synchronize supplier operations

### Question 29

Question
Which one of the following is an input supplier selection using factor analysis?
• Factor weights
• Supplier characteristics
• Suppliers
• all others

### Question 30

Question
Which one is not a supply chain operations to financial link?
• Percentage defects – Liabilities
• Inventory turns – Working capital
• Product development time - Revenue
• Inventory – Current assets

### Question 31

Question
A responsive supply chain matches best with?
• Predictable demand
• High product variability
• On time delivery
• Low inventory levels

### Question 32

Question
• Focus on delivery dates
• Satisfy long term supply needs
• Concentrate on tracking orders
• Focus on price negotiations

### Question 33

Question
In improving supply chain effectiveness a firm should never?
• Implement backward VI
• Implement forward VI
• Go beyond 1st tier suppliers
• None of the above

### Question 34

Question
Which one of the following DSSs is most likely used in supplier selection?
• Net present value
• Aggregate planning
• Factor analysis
• Decision trees

### Question 35

Question
A key step in designing a supply chain consists of linking the internal chain to?
• Suppliers and customers
• Suppliers only
• Customers only
• Key suppliers and customers

### Question 36

Question
The metric inventory turns is defined as?
• Inventory value divided by annual sales
• Inventory multiplied by sales
• Annual sales divided by inventory value
• Ending monthly inventory

### Question 37

Question
In the Bullwhip phenomena variability ___________ as you move up the supply chain?
• Increases
• Decreases
• Remains constant
• none of the others

### Question 38

Question
An efficient supply chain is best associated with?
• High product/service costs
• Stable products/services
• High inventories
• Frequent product/service design changes

### Question 39

Question
Which one of the following is not a step in the acquisition process?
• Forecast requirements
• Select suppliers
• Track orders
• none of others

### Question 40

Question
EDI stands for?
• Educational decision institute
• Electronic decision interchange
• Electronic data interchange
• Electronic data institute

### Question 41

Question
Which one of the following is a supply chain performance metric?
• All of the others
• Amount spent of premium freight
• Unplanned changeovers

### Question 42

Question
An efficient supply chain would be characterized by?
• Product flow
• Low capacity cushions
• High inventory turns
• All of the others

### Question 43

Question
A firm with a responsive supply chain would best be characterized by?
• Product focus
• Low capacity cushions
• Process focus
• Long delivery times

### Question 44

Question
Which one of the following is a supply chain performance metric?
• Unplanned changeovers
• All of the others
• Amount spent of premium freight

### Question 45

Question
What is the value of inventory for a firm with an inventory turn of 10 and annual cost of sales of \$500 million?
• \$10 million
• None of the others
• \$50 million
• \$100 million

### Question 46

Question
What are the number of weeks of supply associated with a firm with a cost of sales of \$200 and an inventory value of \$20 million assuming a 50 week year?
• 5
• 50
• 20
• 10

### Question 47

Question
Which one of the following is not a major supply chain decision issue?
• Product/service features
• Distribution
• Location
• Inventory

### Question 48

Question
Which DSS used in supplier selection involves performance characteristics and weights?
• Factor analysis
• Break-even analysis
• NPV
• Linear programming

### Question 49

Question
An efficient supply chain is best associated with?
• High product/service costs
• Stable products/services
• Frequent product/service design changes
• High inventories

### Question 50

Question
What is an organized approach for improving performance and reducing costs throughout the supply chain.
• Vertical integration
• Value analysis
• NPV analysis
• Break-even analysis

### Question 51

Question
Which one of the following represents the most significant source of disruption in an external supply chain?
• Forecasting errors
• Large inventories
• Engineering change orders
• Late deliveries

### Question 52

Question
Which one of the following is not a standard AP strategy?
• Chasing
• Combo
• Level
• none of the others

### Question 53

Question
Which one of the following is a proactive AP strategy?
• Work force changes
• Creative pricing
• Overtime
• Anticipator inventory

### Question 54

Question
Which AP strategy would be best given large hiring/layoff costs?
• Chasing
• Combo
• Level
• random

### Question 55

Question
Typically, under-time is defined as?
• Being layoff
• Being paid but not working
• Similar to overtime
• Not being paid but working

### Question 56

Question
Which one of the following AP costs is the most difficult to estimate?
• Subcontracting
• Inventory
• Hiring
• Backorder

### Question 57

Question
Which one of the following is not a reactive aggregate planning option?
• Creative pricing
• Inventory
• Backorder

### Question 58

Question
Which one of the following is not a typical AP objective?
• Minimize inventory
• Minimize costs
• Minimize facility utilization
• Maximize efficiency

### Question 59

Question
Which one of the following functions provides inputs to the AP process?
• Marketing
• Finance
• Human resources
• All of the above

### Question 60

Question
Which one of the following is an example of an AP physical constraint?
• Production capacity
• Backorder levels
• Inventory policy
• Overtime pay rate

### Question 61

Question
Which one of the following applies best to a level AP strategy?
• Change work force levels
• Use Inventory
• Decrease output to meet demand
• ) Implement a promotional campaign

### Question 62

Question
The graphical solution to the LP model is limited to?
• Two constraints
• No more than five constraints
• Two variables
• More than one variable

### Question 63

Question
Which special LP condition involves no limits on one or more of the decision variables?
• Integer solution
• Multiple optimal solution
• Unbounded solution
• Inconsistent solution

### Question 64

Question
Which one of the following is not a standard LP constraint type?
• <>
• =
• =>
• <=

### Question 65

Question
Which one of the following sets of constraints are inconsistent?
• X1 = 5, X1 >= 3
• X1 <= 5, X1 <= 10
• X1 >= 4, X2 <= 2
• X1 <=5, X1 >= 10

### Question 66

Question
Sensitivity analysis indicates the range of the OF coefficients over which the current solution is?
• Infeasible
• None of the others
• Suboptimal
• Optimal

### Question 67

Question
Typically, which one of the following is the first step in developing a LP model?
• Identify variables
• Identify constraint types
• Perform sensitivity analysis
• Construct the objective function

### Question 68

Question
Which one of the following is a special LP solution type?
• Multiple optimal solutions
• Unbounded
• Infeasible
• All of the others

### Question 69

Question
The shadow price associated with constraint with resources remaining is?
• None of the others
• Equal to the market price
• Equal to the value of the objective function
• Zero

### Question 70

Question
A maximization problem must contain at least one?
• Greater-than-or-equal-to type constraint
• Cost coefficient
• Less-than-or-equal-to type constraint
• Dummy variable

### Question 71

Question
Which special LP condition involves inconsistent constraints?
• Unbounded solution
• Negative solution
• Infeasible solution
• Multiple optimal solution

### Question 72

Question
Typically, which one of the following is the first step in developing a LP model?
• Identify variables
• Perform sensitivity analysis
• Construct the objective function
• Identify constraint types

### Question 73

Question
The optimal values of the variables in a minimization problem with all of the constraints less-than-or-equal-to are?
• Zero
• Ten
• Equal to the RHS
• Can not be determined

### Question 74

Question
Which one of the following is a typical LP objective?
• Maximize manpower utilization
• All of the others
• Minimize costs
• Maximize profits

### Question 75

Question
Which one of the following type of constraints is associated with slack?
• =
• >=
• <>
• <=

### Question 76

Question
The shadow price associated with constraint with resources remaining is?
• Equal to the value of the objective function
• Zero
• None of the others
• Equal to the market price

### Question 77

Question
In an LP model the optimal solution lies?
• Outside the boundary
• Inside the boundary
• Besides the boundary
• On the boundary

### Question 78

Question
Which one of the following is a basic linear programming assumption?
• Non-integer solutions
• Variable constants
• Dependent variables
• Non-linear relationships

### Similar

Statistics Key Words
SAMPLING
CUMULATIVE FREQUENCY DIAGRAMS
FREQUENCY TABLES: MODE, MEDIAN AND MEAN
HISTOGRAMS
TYPES OF DATA
GROUPED DATA FREQUENCY TABLES: MODAL CLASS AND ESTIMATE OF MEAN
Statistics Vocab
chapter 1,2 statistics
Statistics, Data and Area (Semester 2 Exam)
Chapter 7: Investigating Data