ASQ CMQ/OE Questions with correct answers

In selecting among different projects, the time value of money is considered for which of the following reasons? I. To perform a cost-benefit analysis II. To prioritize investments III. To predict cash flow IV. To reduce operating costs a) I, II, and III only b) I, II, III, and IV c) III and IV only d) I and II only Correct Answer-(D) The time value of money is considered to perform a cost-benefit analysis and prioritize investments. Q. The best tool for discovering relationships between two groups of ideas is a: I. Force field analysis II. Matrix diagram III. Prioritization matrix IV. Process Decision Program Chart (PDPC) Correct Answer-(II) A matrix diagram will effectively uncover relationships between two groups of ideas