P370 Midterm Review (Cutshall self check quizzes) Questions & Answers Rated 100% Correct!!

P370 Midterm Review (Cutshall self check quizzes) Questions & Answers Rated 100% Correct!! A project has three sequences of activities (paths), two of which are critical. The critical paths of this project can be characterized in the following way: A. The slack times for each task in the entire project are zero. B. The chain of activities (from start to finish) that has the largest sum of activity durations. C. The early start date and early finish date are always the same for each activity on the critical path. D. To reduce the project duration, you must reduce the slack time of a task on the critical path. E. None of the above are correct. B. The chain of activities (from start to finish) that has the largest sum of activity durations. Consider the following regarding learning curves: I. The mathematical relationship between time to perform a task and experience is generally linear. II. A learning rate of 85% is superior to a learning rate of 80%III. The value of n is always negative for learning to occur. IV. The value for k can be read directly from the Excel regression output (i.e. no transformation is needed). Choose the correct response below: A. items I and IV are false; items II and III are true B. items I, II and IV are false; item III is true C. items III and IV are false; items I and II are true D. items II, III and IV are false; item I is true E. all of the statements are true B. items I, II and IV are false; item III is true Current issues in OSCM do not include: A. Coordinating relationships between organizations B. Making senior management aware that OSCM can be a competitive weapon C. The triple bottom line D. Managing customer touch points E. Increasing global supply chain employment E. Increasing global supply chain employment Management decisions within the operations function can be classified into the following levels: A. Strategic and tactical. B. Tactical, strategic, and transformation. C. Strategic, transformation, and operational planning and control. D. Strategic, tactical, and operational planning and control. E. Transformation, strategic, and tactical. D. Strategic, tactical, and operational planning and control. What is the "Big Question" answered by the Operations function (simplified): A. Who? B. How? C. What? D. When? E. none of the above B. How? The service sector is now the largest employer of US citizens. As we look ahead to the future, and knowing services are the "younger sector, yet fastest growing sector", which of the following statements is most accurate? A. Productivity gains in the service sector will be easier to generate than productivity gains in the manufacturing sector. B. Productivity gains in the service sector will be a bigger challenge than productivity gains in the manufacturing sector. C. Productivity gains in the service sector will be impossible to attain. D. Productivity gains in both sectors will be equally attainable. E. None of the above statements are true. B. Productivity gains in the service sector will be a bigger challenge than productivity gains in the manufacturing sector. The Strategic Planning Process is characterized by which of the following activities? A. Segment the market according to product group. B. Consider expansion of capital assets. C. Measure growth in productivity each month. D. Both A and B are correct. E. A, B and C are all correct. D. Both A and B are correct. Which of the following is a definition of productivity? (think of the formula here) A. The degree of goal attainment B. A ratio of input per unit of output C. The effectiveness of capital and equipment D. Labor hours required to produce a specific product E. The amount of output per hour worked E. The amount of output per hour worked Which of the following measures is a partial productivity measure? I. Output/Labor II. Output/Materials III. Output/(Labor+Energy+Capital) IV. Output/Inputs I and II only II and III only III and IV only III only IV only I and II only The heart of Operations Management is the management of production systems. A production system uses _________ to provide goods and services to the customer. A. Production, Workforce, Inventory B. Start-up, Alteration, Output C. Input, Transformation, Output D. Set-up, Conversion, Yield E. Capacity, Sequencing, Efficiency C. Input, Transformation, Output Productivity increases when: A. Inputs increase while outputs remain the same. B. Inputs decrease while outputs remain the same. C. Outputs decrease while inputs remain the same. D. Inputs and outputs increase proportionately. E. None of the answers are correct. B. Inputs decrease while outputs remain the same. Which of the following factories is the most productive? A. Factory V1, which uses 43 units of input to produce 38 units of output B. Factory W15, which uses 28 units of input to produce 27 units of output C. Factory X3A, which uses 57 units of input to produce 58 units of output D. Factory Y3, which uses 120 units of input to produce 110 units of output E. Factory ZZ3, which uses 260 units of input to produce 240 units of output C. Factory X3A, which uses 57 units of input to produce 58 units of output Suppose we are using the CPM with three time estimates (PERT) to schedule a project. What is the variance of the length of the critical path, if there is a 92.22% probability that the project will be completed within the expected duration plus three time periods? Select the nearest correct answer. (HINT: Use the Z formula to find the value) 4.46 As project manager, it is important to deal with the people issues as well as scheduling. Which of the following project organizational structure would require your time and attention to handle team members' frustration in dealing with two bosses? A. Pure project structure B. Matrix project structure C. Functional project structure D. Hierarchical project structure E. Both A and B are acceptable project structures B. Matrix project structure As Project Manager, it is important to deal with the people issues as well as scheduling. which of the following would NOT require your time and attention? A. In a functional project structure, possibly negotiating with the departments for the people you need.