ISDS 3115 EXAM 1 – WOOSLEY QUESTIONS WITH
VERIFIED ANSWERS
Is this true?
Work breakdown structure is a useful tool in project management because it addresses
the timing of individual work elements. - Answers - False
A project organization: - Answers - is effective for companies with multiple large projects
In a PERT network, non-critical activities that have little slack need to be monitored
closely: - Answers - because near-critical paths could become critical paths with small
delays in these activities.
Which of the following statements regarding CPM is true? - Answers - All activities on
the critical path have their LS equal to the maximum EF of all immediate predecessors.
Is this True: One advantage of exponential smoothing is the limited amount of record
keeping involved. - Answers - True
One use of short-range forecasts is to determine: - Answers - job assignments
Which of the following is not a type of qualitative forecasting? - Answers - moving
average
What are types of qualitative forecasting? - Answers - Delphi method, sales force
composite, market survey, jury of executive opinion
If two variables were perfectly correlated, what would the coefficient of correlation r
equal? - Answers - -1 or 1
The set of activities that relate to the creation of goods and services through the
transformation of inputs to outputs is referred to as - Answers - operations
management.
What is NOT one of the 10 strategic OM decisions? - Answers - Marketing
What are the 10 strategic OM decisions? - Answers - 1. Design of goods and services
2. Managing quality
3. Process and capacity strategy
4. Location strategy
5. Layout strategy
6. Human resources and job design
, 7. Supply chain management
8. Inventory management
9. Scheduling
10. Maintenance
The service sector constitutes economic activities that typically produce - Answers -
intangible products
What is an incorrect statement regarding globalization and globalization strategies? -
Answers - Globalization strategies could simplify the operations manager's job
What is true regarding globaliation and globalization strategies? - Answers - -
Globalization strategies could contribute to efficiency.
- Globalization means customers, talent, and suppliers are worldwide.
- Globalization strategies could add value to products and services.
How does Walmart gain a competitive advantage? - Answers - Competing on cost
The primary advantage of outsourcing is - Answers - to allow a company to focus on its
core competencies.
A successful quality strategy begins with - Answers - an organizational culture that
fosters quality
Which of the following TQM tools would be best suited for displaying the number of
students majoring in each business discipline? - Answers - Histogram
What is the reasoning behind setting the upper and lower control limits
plus or minus±3sigma Subscript x overbarσx
from the mean? - Answers - We know that 99.73% of natural variation is contained
within
plus or minus±3sigma Subscript x overbarσx,
and thus any data point outside of the limits is likely due to assignable variation
What does it mean for a process to be "capable"? - Answers - The process output is
capable of meeting set specifications.
The reason fast food restaurants often are found in close proximity to each other is: -
Answers - location clustering near high traffic flows.
What is a false statement regarding the center-of-gravity method - Answers - It is
designed to minimize the maximum possible travel distance to any of the locations.
What is true regarding the center-of-gravity method - Answers - - The optimal x- and
y-coordinates
are calculated separately.
VERIFIED ANSWERS
Is this true?
Work breakdown structure is a useful tool in project management because it addresses
the timing of individual work elements. - Answers - False
A project organization: - Answers - is effective for companies with multiple large projects
In a PERT network, non-critical activities that have little slack need to be monitored
closely: - Answers - because near-critical paths could become critical paths with small
delays in these activities.
Which of the following statements regarding CPM is true? - Answers - All activities on
the critical path have their LS equal to the maximum EF of all immediate predecessors.
Is this True: One advantage of exponential smoothing is the limited amount of record
keeping involved. - Answers - True
One use of short-range forecasts is to determine: - Answers - job assignments
Which of the following is not a type of qualitative forecasting? - Answers - moving
average
What are types of qualitative forecasting? - Answers - Delphi method, sales force
composite, market survey, jury of executive opinion
If two variables were perfectly correlated, what would the coefficient of correlation r
equal? - Answers - -1 or 1
The set of activities that relate to the creation of goods and services through the
transformation of inputs to outputs is referred to as - Answers - operations
management.
What is NOT one of the 10 strategic OM decisions? - Answers - Marketing
What are the 10 strategic OM decisions? - Answers - 1. Design of goods and services
2. Managing quality
3. Process and capacity strategy
4. Location strategy
5. Layout strategy
6. Human resources and job design
, 7. Supply chain management
8. Inventory management
9. Scheduling
10. Maintenance
The service sector constitutes economic activities that typically produce - Answers -
intangible products
What is an incorrect statement regarding globalization and globalization strategies? -
Answers - Globalization strategies could simplify the operations manager's job
What is true regarding globaliation and globalization strategies? - Answers - -
Globalization strategies could contribute to efficiency.
- Globalization means customers, talent, and suppliers are worldwide.
- Globalization strategies could add value to products and services.
How does Walmart gain a competitive advantage? - Answers - Competing on cost
The primary advantage of outsourcing is - Answers - to allow a company to focus on its
core competencies.
A successful quality strategy begins with - Answers - an organizational culture that
fosters quality
Which of the following TQM tools would be best suited for displaying the number of
students majoring in each business discipline? - Answers - Histogram
What is the reasoning behind setting the upper and lower control limits
plus or minus±3sigma Subscript x overbarσx
from the mean? - Answers - We know that 99.73% of natural variation is contained
within
plus or minus±3sigma Subscript x overbarσx,
and thus any data point outside of the limits is likely due to assignable variation
What does it mean for a process to be "capable"? - Answers - The process output is
capable of meeting set specifications.
The reason fast food restaurants often are found in close proximity to each other is: -
Answers - location clustering near high traffic flows.
What is a false statement regarding the center-of-gravity method - Answers - It is
designed to minimize the maximum possible travel distance to any of the locations.
What is true regarding the center-of-gravity method - Answers - - The optimal x- and
y-coordinates
are calculated separately.
