MGMT 339 FINAL COMPREHENSIVE STUDY
GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ The advantage a precedence diagram has over a Gantt chart isits
complexity.its simplicity.its difficulty in depicting networks.its lack of
riskiness.its ability to reveal relationships among activities..
Answer: its ability to reveal relationships among activities
◍ A method used for establishing a logical framework for identifying the
required activites for the project is calledwork breakdown
structurePERTplanning matrixcrashingcritical path analysis.
Answer: work breakdown structure
◍ What decisions in project management has typical factors that include
establishing appropriate metrics for evaluating the project and managing
equipment?deciding which projects to implementplanning and designing the
projectselecting the project managerselecting the project teammanaging and
controlling project resources.
Answer: managing and controlling project resources
◍ Which phase of the project life cycle happens in conjunction with project
execution?initiatingexecutingmonitoring and controllingplanningclosing.
Answer: monitoring and controlling
◍ How many wastes (muda) are there in lean philosophy?862104.
Answer: 8
◍ centralized purchasing.
Answer: purchasing department located at the firm's corporate office makes
all the purchasing decisions
,◍ Shortening activity durations is calledvendor managementnull
nodesexpeditingtrade-off analysiscrashing.
Answer: crashing
◍ The perpetual inventory system is also known as what type of review
system?continuousintervalscheduledperiodicestimated.
Answer: continuous
◍ What are the two functions that management must be concerned with in
regard to inventory?creating accurate forecasts/communicating with the
entire supply chainestimating costs/developing an inventory counting
systemestablishing a classification system/creating a perpetual inventory
systemtracking inventory/developing an operations strategyestablishing a
system to track items/making decisions about the quantity and when to
order.
Answer: establishing a system to track items/making decisions about the
quantity and when to order
◍ Material Requirements Planning (MRP).
Answer: a planning system that schedules the precise quantity of materials
needed to make the product
◍ Which of the following would not contribute to making services more
lean?Standardize the work methods for providing the service.Have service
workers handle multiple tasks simultaneously.Simplify the service
process.Train workers so they can handle variety in the tasks they
perform.Increase the flexibility of the service system..
Answer: Have service workers handle multiple tasks simultaneously.
◍ Inputs.
Answer: the resources—such as labor, money, materials, and energy—that
are converted through a processbeginning inventory, forecast, customer
orders
◍ ordering costs.
Answer: costs of ordering and receiving inventory
, ◍ Radio Frequency Identification (RFID).
Answer: uses electronic tags and labels to identify objects wirelessly over
short distances
◍ Aggregate planners seek to match supply and demandby minimizing
hires.keeping inventories at a minimum.by changing company policy.at
minimum overall cost.by minimizing layoffs..
Answer: at minimum overall cost.
◍ Bill of Materials (BOM).
Answer: One of the three primary inputs of MRP; a listing of all of the raw
materials, parts, subassemblies, and assemblies needed to produce one unit
of a product.
◍ strategic partnering.
Answer: Two or more organizations agree to collaborate so that each may
realize a strategic benefit
◍ inventory velocity.
Answer: the speed at which goods move through a supply chain
◍ Master Production Schedule (MPS).
Answer: a timetable that specifies what is to be made and when
◍ In a project network, the critical path is the sequence of activities which has
themost nodesmost activitiesgreatest variancelongest durationmost events.
Answer: longest duration
◍ purchase cost.
Answer: The cost to actually purchase the inventory items. This cost is
relevant in determining the order quantity only when the purchase cost is
variable
◍ Which of the following is a principle required for ethical behavior in
purchasing?(I) loyalty to employer(II) justice those those you deal with(III)
faith in your professionI onlyII and III onlyI, II, and IIIII only.
Answer: I, II, and III
GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ The advantage a precedence diagram has over a Gantt chart isits
complexity.its simplicity.its difficulty in depicting networks.its lack of
riskiness.its ability to reveal relationships among activities..
Answer: its ability to reveal relationships among activities
◍ A method used for establishing a logical framework for identifying the
required activites for the project is calledwork breakdown
structurePERTplanning matrixcrashingcritical path analysis.
Answer: work breakdown structure
◍ What decisions in project management has typical factors that include
establishing appropriate metrics for evaluating the project and managing
equipment?deciding which projects to implementplanning and designing the
projectselecting the project managerselecting the project teammanaging and
controlling project resources.
Answer: managing and controlling project resources
◍ Which phase of the project life cycle happens in conjunction with project
execution?initiatingexecutingmonitoring and controllingplanningclosing.
Answer: monitoring and controlling
◍ How many wastes (muda) are there in lean philosophy?862104.
Answer: 8
◍ centralized purchasing.
Answer: purchasing department located at the firm's corporate office makes
all the purchasing decisions
,◍ Shortening activity durations is calledvendor managementnull
nodesexpeditingtrade-off analysiscrashing.
Answer: crashing
◍ The perpetual inventory system is also known as what type of review
system?continuousintervalscheduledperiodicestimated.
Answer: continuous
◍ What are the two functions that management must be concerned with in
regard to inventory?creating accurate forecasts/communicating with the
entire supply chainestimating costs/developing an inventory counting
systemestablishing a classification system/creating a perpetual inventory
systemtracking inventory/developing an operations strategyestablishing a
system to track items/making decisions about the quantity and when to
order.
Answer: establishing a system to track items/making decisions about the
quantity and when to order
◍ Material Requirements Planning (MRP).
Answer: a planning system that schedules the precise quantity of materials
needed to make the product
◍ Which of the following would not contribute to making services more
lean?Standardize the work methods for providing the service.Have service
workers handle multiple tasks simultaneously.Simplify the service
process.Train workers so they can handle variety in the tasks they
perform.Increase the flexibility of the service system..
Answer: Have service workers handle multiple tasks simultaneously.
◍ Inputs.
Answer: the resources—such as labor, money, materials, and energy—that
are converted through a processbeginning inventory, forecast, customer
orders
◍ ordering costs.
Answer: costs of ordering and receiving inventory
, ◍ Radio Frequency Identification (RFID).
Answer: uses electronic tags and labels to identify objects wirelessly over
short distances
◍ Aggregate planners seek to match supply and demandby minimizing
hires.keeping inventories at a minimum.by changing company policy.at
minimum overall cost.by minimizing layoffs..
Answer: at minimum overall cost.
◍ Bill of Materials (BOM).
Answer: One of the three primary inputs of MRP; a listing of all of the raw
materials, parts, subassemblies, and assemblies needed to produce one unit
of a product.
◍ strategic partnering.
Answer: Two or more organizations agree to collaborate so that each may
realize a strategic benefit
◍ inventory velocity.
Answer: the speed at which goods move through a supply chain
◍ Master Production Schedule (MPS).
Answer: a timetable that specifies what is to be made and when
◍ In a project network, the critical path is the sequence of activities which has
themost nodesmost activitiesgreatest variancelongest durationmost events.
Answer: longest duration
◍ purchase cost.
Answer: The cost to actually purchase the inventory items. This cost is
relevant in determining the order quantity only when the purchase cost is
variable
◍ Which of the following is a principle required for ethical behavior in
purchasing?(I) loyalty to employer(II) justice those those you deal with(III)
faith in your professionI onlyII and III onlyI, II, and IIIII only.
Answer: I, II, and III
