SUPPLY CHAIN MANAGEMENT EXAM
REVIEW QUESTIONS AND 100% CORRECT
ANSWERS!!
The _____ distribution is used by PERT analysis to calculate expected activity times and
variances.
a. Normal
b. Beta
c. Alpha
d. Gaussian
e. Binomial
b
The Beta distribution is used in project management to
a. determine which activity should be crashed
b. calculate the probability that a project will be completed within its budget
c. calculate expected activity times
d. calculate slack for activities on the critical path
e. none of the above
c
What is the basic difference between PERT and CPM?
The basic difference between PERT and CPM is that PERT requires three time estimates of
activity completion time, whereas CPM uses only a single estimate. (Project management
techniques: PERT and CPM, moderate)
Cycles and random variations are both components of time series.
true
One advantage of exponential smoothing is the limited amount of record keeping involved.
true
,In trend projection, the trend component is the slope of the regression equation.
16. In trend projection, a negative regression slope is mathematically impossible.
true
false
The three major types of forecasts used by business organizations are
a. strategic, tactical, and operational
b. economic, technological, and demand
c. exponential smoothing, Delphi, and regression
d. causal, time-series, and seasonal
e. departmental, organizational, and territorial
b
Gradual, long-term movement in time series data is called
a. seasonal variation
b. cycles
c. trends
d. exponential variation
e. random variation
c
Outsourcing is the practice of moving a business process to a foreign country but retaining
control
of it.
False. this is offshoring
Nearly any business activity can be outsourced.
true
, The theory of comparative advantage states that you should allow another firm to perform
work
activities for your company if that company can do it more productively than you can
true
The number-one reason driving outsourcing for many firms is to focus on core
competencies.
false
Which of the following is not true regarding core competencies?
a. They may include specialized knowledge.
b. They may represent a small portion of an organization's total business.
c. They may include proprietary technology or information.
d. They may be good candidates for outsourcing.
e. They may include unique production methods
d
Outsourcing manufacturing is also known as
a. license manufacturing
b. sublease manufacturing
c. concurrent manufacturing
d. hollow manufacturing
e. contract manufacturing
e
Which of the following sets is determined during a backward pass?
A.
LS and LF
B.
LS and ES
C.
LS and EF
REVIEW QUESTIONS AND 100% CORRECT
ANSWERS!!
The _____ distribution is used by PERT analysis to calculate expected activity times and
variances.
a. Normal
b. Beta
c. Alpha
d. Gaussian
e. Binomial
b
The Beta distribution is used in project management to
a. determine which activity should be crashed
b. calculate the probability that a project will be completed within its budget
c. calculate expected activity times
d. calculate slack for activities on the critical path
e. none of the above
c
What is the basic difference between PERT and CPM?
The basic difference between PERT and CPM is that PERT requires three time estimates of
activity completion time, whereas CPM uses only a single estimate. (Project management
techniques: PERT and CPM, moderate)
Cycles and random variations are both components of time series.
true
One advantage of exponential smoothing is the limited amount of record keeping involved.
true
,In trend projection, the trend component is the slope of the regression equation.
16. In trend projection, a negative regression slope is mathematically impossible.
true
false
The three major types of forecasts used by business organizations are
a. strategic, tactical, and operational
b. economic, technological, and demand
c. exponential smoothing, Delphi, and regression
d. causal, time-series, and seasonal
e. departmental, organizational, and territorial
b
Gradual, long-term movement in time series data is called
a. seasonal variation
b. cycles
c. trends
d. exponential variation
e. random variation
c
Outsourcing is the practice of moving a business process to a foreign country but retaining
control
of it.
False. this is offshoring
Nearly any business activity can be outsourced.
true
, The theory of comparative advantage states that you should allow another firm to perform
work
activities for your company if that company can do it more productively than you can
true
The number-one reason driving outsourcing for many firms is to focus on core
competencies.
false
Which of the following is not true regarding core competencies?
a. They may include specialized knowledge.
b. They may represent a small portion of an organization's total business.
c. They may include proprietary technology or information.
d. They may be good candidates for outsourcing.
e. They may include unique production methods
d
Outsourcing manufacturing is also known as
a. license manufacturing
b. sublease manufacturing
c. concurrent manufacturing
d. hollow manufacturing
e. contract manufacturing
e
Which of the following sets is determined during a backward pass?
A.
LS and LF
B.
LS and ES
C.
LS and EF
