Final Exam Review

1. 1Which one is not a basic element of Project Management?

   1. ADefining the overall project
   2. BFormulating time estimates for each task
   3. CEstimating project costs
   4. DNone of the others
2. 2A project organization consists of?

   1. AProject manager
   2. BAll of the others
   3. CProject team
      
   4. DProject management system
      
3. 3Which project application best illustrates the need for multiple time estimates?

   1. AFinancial audit
   2. BCommercial building construction
   3. CRobotic vacuum cleaner development
   4. DRefinery maintenance
4. 4Which one of the following statements regarding the Gantt chart is true?

   1. AEvolved from the PERT chart
   2. BShows a plot of budget versus time
   3. CDeveloped during World War II
   4. DShows the scheduling of individual project tasks over time
5. 5Which graph shows the sequencing of tasks over time?

   1. ADecision tree
   2. BGantt chart
   3. CFlow chart
   4. DHistogram
6. 6Typically, crash time is defined as the?

   1. ADifference between earliest and latest starting times
   2. BMinimum time a task can be completed
   3. CMaximum tine a task can be completed
   4. DAverage time a task can be completed
7. 7Which analytical process is used to determine the optimal way to reduce overall project time?

   1. APERT
   2. BSlack Management
   3. CCrashing
   4. DPERT-Cost
8. 8The distribution of a project task with the time estimates of 2, 6, 10 is?

   1. ASkewed right
   2. BSkewed left
   3. CUniformly distributed
   4. DNormally distributed
9. 9In an AOA network diagram the nodes represent _____ and the arcs represent ______ ?

   1. ASlack, Tasks
   2. BCritical time, Slack
   3. CTasks, Events
   4. DEvents, Tasks
10. 10The Critical path is?

    1. ASet of tasks with zero slack
    2. BBased on the most likely time a task will take to complete
    3. CSet of tasks with positive slack
    4. DSet of tasks with negative slack

11. 11Typically, the crash cost function?

    1. AIncreases in a non-linear fashion as project time is reduced
    2. BIncreases in a linear fashion as project time is reduced
    3. CRemains constant as project time is reduced
    4. DDecreases in a non-linear fashion as project time is reduced
12. 12Which one of the following is characteristic of a project task?

    1. AAll of the others
    2. BSome tasks can be performed simultaneously
    3. CEach task has a beginning and an end
    4. DEach task can be described using single or multiple time estimates
13. 13An activity with a slack of zero is called a ________activity?

    1. AEarliest start
    2. BNone of the others
    3. C Critical
    4. DCompleted
14. 14In a Project Management cost analysis the region of feasibility is defined by?

    1. ALatest start time curve and slack management curve
    2. BSlack management curve
    3. CCash flow curve and earliest start time curve
    4. DEarliest start time curve and lastest start time curve
15. 15The earliest start time for a task is equal to the?

    1. AAmount of activity slack
    2. BAverage completion time of its immediate predecessors
    3. CLatest completion time of its immediate predecessors
       
    4. DEarliest completion time of its immediate predecesors
16. 16Which one of the following is depected in a project network diagram?

    1. ADuration
    2. BDependency
    3. CAll of the others
    4. DTask
17. 17Which modelling technique is used for project network analysis?

    1. ADecision trees
    2. BPERT
    3. CCNP
    4. DFactor analysis
18. 18PERT and CPM analysis are used for assessing the?

    1. AShortest time in which a project can be completed
    2. BCritical project tasks
    3. CResources needed to complete a project
    4. DAll of the others
19. 19In crashing which tasks are generally selected first?

    1. AHighest cost
    2. BAverage cost
    3. CNon-critical
    4. DLowest cost
20. 20In a project with multiple time estimates the probability of completing the project within the expected time is?

    1. ABetween 25% to 50%
    2. BMore than 75%
    3. CLess than 25%
    4. D50%
21. 21Which project management system was developed by Dupont in 1957?

    1. AGantt chart
    2. BDecision tree
    3. CPERT
    4. DCPM
22. 22Which one of the following statements best describes the critical path?

    1. AThe sequence of tasks that takes the longest time to complete
    2. BThe sequence of tasks that takes the shortest time to complete
    3. CThe set of tasks that has the lowest total costs
    4. DThe set of tasks that have more than one predecessor
23. 23Which DSS is used for determining the optimal minimum cost crashing schedule?

    1. AForecasting
    2. BDecision trees
    3. CNPV
    4. DNone of the others
24. 24Which project management model is used for time reduction applications?

    1. ACrashing
    2. BRegression
    3. CSlack
    4. DPERT-Cost
25. 25Which one of the following multiple time distributions are skewed left?

    1. A3, 4, 8
    2. B2, 2, 2
    3. C5, 8, 9
    4. D4, 6, 8
26. 26The output distribution for a multiple time estimate project is assumed to be?

    1. ABeta
    2. BNormal
    3. CConstant
    4. DUniform
27. 27In an AOA network the nodes represent?

    1. AEvents
    2. B Activities
    3. CDown time
    4. DSlack
28. 28In a beta distribution the most likely time is?

    1. ACloser to the most pessimistic time
    2. BCloser to the most optimistic time
    3. CEqual to the expected time
    4. DNone of the above
29. 29Which variance should be used with a project with multiple critical paths?

    1. AThe smallest variance
    2. BThe largest variance
    3. CThe sum of all variances
    4. DThe average variance
30. 30In crashing analysis the crashing cost function is assumed to be?

    1. ANon-linear
    2. BUniform
    3. CLinear
    4. DNormal
31. 31Which one of the following multiple time estimates is normally distributed?

    1. A1,5,9
    2. B3,3,3
    3. C2,3,11
    4. DNone of the above
32. 32Slack is defined as?

    1. ALF – LS
    2. BNormal time – crash time
    3. CLS – ES
    4. DLS – EF
33. 33Which one of the following is not a standard input in developing an AP plan?

    1. AWait-and-see policy
    2. BCosts
    3. CCapacity statement
    4. DDemand forecast
34. 34What AP policy is best when inventorying and backordering costs are large?

    1. ALevel
    2. BConstant workforce
    3. CChase
    4. DConstant output
35. 35If unlimited outsourcing is permited then which outsourcing levels should be used as inputs in developing an aggregate plan?

    1. AEqual to demand
    2. BEqual to regular capacity
    3. CEqual to regular capacity plus overtime
    4. DEqual to overtime and undertime
36. 36Which one of the following best describes a chase policy?

    1. AInventorying
    2. BConstant workforce
    3. CHiring/layoff
    4. DConstant output
37. 37A proactive AP strategy tends focus on?

    1. ASubcontracting
    2. BReacting to deamnd
    3. CUsing a chase policy
    4. DModifying demand
38. 38The use of outsourcing tends to minimize?

    1. AInventorying
    2. BCustomer service
    3. CTotal costs
    4. DAll of the others
39. 39Typically, the goal of which one of the following AP objectives is to minimize?

    1. ACustomer service
    2. BNone of the others
    3. CInventory investment
    4. DFacility utilization
40. 40Which one of the following is a standard AP objective?

    1. AImprove facility layout
    2. BMinimize customer service
    3. CImprove supplier quality
    4. DMaximize facility utilization
41. 41Which one of the following is a reactive AP strategy?

    1. AComplementary products
    2. BPricing
    3. CAdvertising
    4. DOvertime
42. 42Which one of the following AP pairs are consistent?

    1. ALabor shortages and implement chase strategy
    2. BLow holding costs and build inventory
    3. CHigh supplier costs and increase outsourcing
    4. DLabor union outsourcing restrictions and increase subcontracting
43. 43Typially, the AP planning horizon is?

    1. A4 to 8 weeks
    2. B6 months or less
    3. C3 to 18 months
    4. D1 to 3 years
44. 44Which AP action is best when there is a labor shortage?

    1. AHire and layoff as open as possible
    2. BReduce prices
    3. CIncrease the backlog
    4. DDecrease the backlog
45. 45The time horizon associated with aggregate planning is generally considered to be?

    1. AShort range
    2. BNone of the others
    3. CLong range
    4. DMedium range
46. 46Which one of the following AP costs is the most difficult to estimate?

    1. AOvertime
    2. BHiring
    3. CBackordering
    4. DInventory
47. 47In developing an AP plan which costs typically can be carried over for several periods?

    1. AOvertime
    2. BRegular time
    3. CInventory
    4. DOutsourcing
48. 48A responsive supply chain is best associated with?

    1. AFrequent new product/service introduction
    2. BStable demand
    3. CInfrequent product new produc/service introduction
    4. DLow profit margins
49. 49What is the number of inventory turns associated with a firm with annual cost of sales of $100 million and an inventory value of $5 million?

    1. ANone of the others?
    2. B5
    3. C20
    4. D10
50. 50Which DSS used in supplier selection involves performance characteristics and weights?

    1. ABreak-even analysis
    2. BLnear programming
    3. CFactor analysis
    4. DNPV
51. 51Which one of the following is not a major supply chain decision issue?

    1. ADistribtion
    2. BLocation
    3. CProduct/service features
    4. DInventory
52. 52A firm with a responsive supply chain would best be characterized by?

    1. AProcess focus
    2. BProduct focus
    3. CLow capacity cushions
    4. DLong delivery times
53. 53What is the standardized data transmittal format used for communicating information between organizations?

    1. AMIS
    2. BEDI
    3. CIT
    4. DIST
54. 54Which one of the following is not a step in the acquisition process?

    1. AForecast requirements
    2. BSelect suppliers
    3. CNone of the others
    4. DTrack orders
55. 55An efficient supply chain is best associated with?

    1. AStable products/services
    2. BHigh inventories
    3. CFrequent product/service design changes
    4. DHigh product/service costs
56. 56EDI stands for?

    1. AEducational decision institute
    2. BElectronic decision interchange
    3. CElectronic data interchange
    4. DElectronic data institute
57. 57Which one of the following is not a standard supply chain performance metric?

    1. AOn time shipments
    2. BProduct demand
    3. CWeeks of supply
    4. DInventory turns
58. 58Which one of the following can be used to reduce the bullwhip effect?

    1. AAll of the others
    2. BEngage in strategic partnering and buying
    3. CAdopte modern information technology systems
    4. DReduce both order and information lead times
59. 59What is the value of inventory for a firm with an inventory turn of 10 and annual cost of sales of $500 million?

    1. ANone of the others
    2. B$10 million
    3. C$100 million
    4. D$50 million
60. 60Forward placing is defined as placing inventory closer to the?

    1. AManufacture
    2. BEnd customer
    3. CEDI provider
    4. DSupplier
61. 61Which one of the following is not a standard inventory component?

    1. ARaw materials
    2. BShipped goods
    3. CFinished goods
    4. DWork-in-progress
62. 62Which one of the following represents the most significant source of disruption in an external supply chain?

    1. AForecasting errors
    2. BLate deliveries
    3. CEngineering change orders
    4. DLarge inventories
63. 63Which supply chain decision issue involves the placement of finished goods inventory and the mode of shipment?

    1. ADistribution
    2. BProduction
    3. CLocation
    4. DInventory
64. 64A major limitation of the standard AP model is?

    1. ALinear cost function
    2. BTight labor market
    3. CNonlinear cost function
    4. DLimited forecasting horizon
65. 65Which one of the following is not consistent with increasing internal capacity in the short term?

    1. AAdd shifts
    2. BAdditional hiring
    3. COutsourcing
    4. DIncrease overtime
66. 66A mixed AP policy can involve?

    1. AAll of the others
    2. BHiring/layoff
    3. CInventorying
    4. DOvertime
67. 67Overtime is defined as?

    1. ABeing paid extra for additional work
    2. BNot being paid while on vacation
    3. CBeing paid whle not working
    4. DNot being paid extra for extra work
68. 68Typically, the goal of which one of the following AP objectives is to maximize?

    1. ATotal costs
    2. BWorkforce vairations
    3. CInventory investment
    4. DCustomer service
69. 69Which one of the following is a standard input in developing an AP plan?

    1. AOvertime costs
    2. BProduct life cycle
    3. CCompetitior pricing
    4. DAll of the others
70. 70Which one of the following is consistent with increasing internal capacity in the short term?

    1. AOutsourcing
    2. BOvertime
    3. CUndertime
    4. DPlant expansion
71. 71Which one of the following conditions best describes a level policy?

    1. AVary output rate
    2. BHire/layoff workers
    3. CBuild inventory
    4. DEmploy price discounts to increase demand
72. 72Which one of the following is a reactive AP strategy?

    1. AOvertime
    2. BAdvertising
    3. CComplementary products
    4. DPricing
73. 73Typically, the goal of which one of the following AP objectives is to maximize?

    1. AWorkforce vairations
    2. BCustomer service
    3. CInventory investment
    4. DTotal costs
74. 74Which one of the following is a not standard AP objective

    1. AMaximize price effectiveness
    2. BMaximize system utilization
    3. CMinimize total cost
    4. DMinimize inventorying and backordering
75. 75Which one of the following is not a reason a buyer enters into a relationship with a supplier?

    1. AQuality
    2. BCost
    3. CDelivery
    4. DNone of the others
76. 76What is the correct SCM sequence?

    1. ASupplier relationships-design-inventory
    2. BStrategy-design-operations
    3. COperations-supplier relationships-ECM
    4. DDesign-inventory-operations
77. 77The primary purpose of supply chain management is to?

    1. AMaximize system efficiency and customer service
    2. BSynchronize operations throughout the system
    3. CIncrease the use of planning software throughout the system
    4. DReduce the number of suppliers
78. 78Which one of the following represents the most significant source of disruption in an internal supply chain?

    1. ALarge inventories
    2. BCompetitor actions
    3. CStandardized products
    4. DForecasting errors
79. 79Which one of the following is not a standard LP constraint type?

    1. A<>
    2. B=
    3. C=>
    4. D<=
80. 80Typically, which one of the following is the first step in developing a LP model?

    1. AConstruct the objective function
    2. BPerform sensitivity analysis
    3. CIdentify constraint types
    4. DIdentify variables
81. 81Sensitivity analysis indicates the range of the RHS coefficients over which the shadow prices are?

    1. AUnbounded
    2. BInfeasible
    3. CSuboptimal
    4. DViable
82. 82The optimal values of the variables in a minimization problem with all of the constraints less-than-or-equal-to are?

    1. AZero
    2. BCan not be determined
    3. CEqual to the RHS
    4. DTen
83. 83Which resource management application involves determining the optimal price structure for the entire system?

    1. ARefinery operations
    2. BYield management
    3. CInvestment portfolio
    4. DManpower scheduling
84. 84The value of the objective function is determined by?

    1. ASumming the product of the OF coefficents times the variable values
    2. BSumming the variable values
    3. CMultiplying the OF coefficents times the variable values
    4. DSumming the slack values
85. 85A maximization problem must contain at least one?

    1. AGreater-than-or-equal-to type constraint
    2. BLess-than-or-equal-to type constraint
    3. CCost coefficient
    4. DDummy variable
86. 86Which one of the following is a special LP solution type?

    1. AUnbounded
    2. BMultiple optimal solutions
    3. CAll of the others
    4. DInfeasible

Description

Quiz on Final Exam Review, created by lseyer436 on 07/04/2015.

Author

lseyer436

Language

English

Views

8

Rating

No ratings yet

Rate this quiz

Rate this quiz

More on Project Scheduling and Network Analysis