MQM LATEST EXAM PREP QUESTIONS AND
ANSWERS PDF 2026
▶ When evaluating capacity, managers need to consider both resource
inputs and product outputs. Answer: True
▶ The objective of strategic capacity planning is to provide an approach for
determining the overall capacity level of labor-intensive resources. Answer:
False. Determining overall capacity levels of capital-intensive resources
▶ The basic notion of economies of scale is that as a plant gets larger and
volume increases, the average cost per unit of output drops. Answer: True
▶ Capacity flexibility means having the ability to rapidly increase or
decrease production levels or to shift production capacity quickly from one
product or service to another. Answer: True
▶ A project can be subdivided into which of the following? Answer: Work
packages
▶ What is a work breakdown structure? Answer: A definition of the
hierarchy of project tasks, subtasks, and work packages
▶ Some of the advantages of a functional project where the project is
housed in a functional division include which of the following? Answer: A
team member can work on several projects.
▶ You have just been assigned to oversee a series of projects. Functional
areas will loan you personnel for each project, and separate project
managers will be responsible for separate projects. These project
managers will report to you. Which project management structure is being
used? Answer: Matrix Project
▶ Using CPM, which activities make up the critical path? Answer: A,B,D,E
most required days
, ▶ A listing of immediate predecessor activities is important information in a
CPM analysis for which of the following reasons? Answer: It specifies the
relationships in the CPM network of activities.
▶ You have just used the network planning model and found the critical
path length is 30 days and the variance of the critical path is 25 days. The
probability that the project will be completed in 33 days or less is equal to
(2 decimal accuracy). Answer: 0.73
Note that variance of 25 implies that the s.d. is sqrt(25) = 5. Z value
corresponding to 33 is equal to Z = [(33 − 30) ÷ 5] = 0.6, which leads to the
probability of 0.73.
▶ You have just used the network planning model for a county road
resurfacing project and found the critical path length is 40 days and the
standard deviation of the critical path is 10 days. Suppose you want to pick
a time (in days) within which you will complete the project with 90%
confidence level. What should be that time (in days and round to the
nearest whole number)? Answer: 53
First find the Z-value corresponding to 90% confidence level, (using
=normsinv(0.9) function) which will be 1.2815. Time (X) = µ + Z × σ, that is
40 + 1.2851 × 10 = 52.81, rounded to 53 days.
▶ The Gantt chart is an example of a project control chart. Answer: True
▶ One of the disadvantages of a pure project organizational structure is
that the project manager has full authority over the project. Answer: False.
Listed as an advantage
▶ The term "assembly line" refers to progressive assembly linked by some
material handling device. Answer: True
▶ A make-to-order firm will work with the customer to design the product
and then make it from purchased materials, parts, and components.
Answer: False
▶ Which of the following is not considered a major workflow structure?
Answer: Fabrication
▶ A difference between project and continuous flow categories of process
flow structures is which of the following? Answer: The size and bulk of the
product
ANSWERS PDF 2026
▶ When evaluating capacity, managers need to consider both resource
inputs and product outputs. Answer: True
▶ The objective of strategic capacity planning is to provide an approach for
determining the overall capacity level of labor-intensive resources. Answer:
False. Determining overall capacity levels of capital-intensive resources
▶ The basic notion of economies of scale is that as a plant gets larger and
volume increases, the average cost per unit of output drops. Answer: True
▶ Capacity flexibility means having the ability to rapidly increase or
decrease production levels or to shift production capacity quickly from one
product or service to another. Answer: True
▶ A project can be subdivided into which of the following? Answer: Work
packages
▶ What is a work breakdown structure? Answer: A definition of the
hierarchy of project tasks, subtasks, and work packages
▶ Some of the advantages of a functional project where the project is
housed in a functional division include which of the following? Answer: A
team member can work on several projects.
▶ You have just been assigned to oversee a series of projects. Functional
areas will loan you personnel for each project, and separate project
managers will be responsible for separate projects. These project
managers will report to you. Which project management structure is being
used? Answer: Matrix Project
▶ Using CPM, which activities make up the critical path? Answer: A,B,D,E
most required days
, ▶ A listing of immediate predecessor activities is important information in a
CPM analysis for which of the following reasons? Answer: It specifies the
relationships in the CPM network of activities.
▶ You have just used the network planning model and found the critical
path length is 30 days and the variance of the critical path is 25 days. The
probability that the project will be completed in 33 days or less is equal to
(2 decimal accuracy). Answer: 0.73
Note that variance of 25 implies that the s.d. is sqrt(25) = 5. Z value
corresponding to 33 is equal to Z = [(33 − 30) ÷ 5] = 0.6, which leads to the
probability of 0.73.
▶ You have just used the network planning model for a county road
resurfacing project and found the critical path length is 40 days and the
standard deviation of the critical path is 10 days. Suppose you want to pick
a time (in days) within which you will complete the project with 90%
confidence level. What should be that time (in days and round to the
nearest whole number)? Answer: 53
First find the Z-value corresponding to 90% confidence level, (using
=normsinv(0.9) function) which will be 1.2815. Time (X) = µ + Z × σ, that is
40 + 1.2851 × 10 = 52.81, rounded to 53 days.
▶ The Gantt chart is an example of a project control chart. Answer: True
▶ One of the disadvantages of a pure project organizational structure is
that the project manager has full authority over the project. Answer: False.
Listed as an advantage
▶ The term "assembly line" refers to progressive assembly linked by some
material handling device. Answer: True
▶ A make-to-order firm will work with the customer to design the product
and then make it from purchased materials, parts, and components.
Answer: False
▶ Which of the following is not considered a major workflow structure?
Answer: Fabrication
▶ A difference between project and continuous flow categories of process
flow structures is which of the following? Answer: The size and bulk of the
product
