Mqm 227 Exam Questions and Answers 100% Correct
A difference between project and continuous flow categories of
process flow structures is which of the following?
The size and bulk of the product
Discrete parts moving from workstation to workstation
Degree of equipment specialization
Being a "virtual factory"
Profit per unit - ✔✔The size and bulk of the product
A listing of immediate predecessor activities is important information
in a CPM analysis for which of the following reasons?
It specifies the relationships in the CPM network of activities.
It provides useful timing information.
It includes cost information.
It is the probability information required in the final step of CPM.
None of these - ✔✔It specifies the relationships in the CPM network
of activities.
A make-to-order firm will work with the customer to design the
product and then make it from purchased materials, parts, and
components.
,True or False - ✔✔False
A project can be subdivided into which of the following?
Job orders
Sub-jobs
Work packages
Sub-paths
Events and decisions - ✔✔Work packages
A reason that firms must develop more new products than ever is
which of the following?
Product life cycles are shorter
Commitments to joint venture partners
They are replacing old customers with new ones
To amortize heavy investments in development labs
The increased difficulty of defending patents and trade names -
✔✔Product life cycles are shorter
All other things remaining the same, if the sales revenue increases,
asset turnover ratio will
, Increase
Decrease
Stay the same
may increase or decrease
there is no way to tell for sure - ✔✔Increase
Automobiles and appliances are classified as "pure goods."
True or False - ✔✔False
breakeven point - ✔✔fixed costs/contribution margin
Buying a ticket for a college football game where there are multiple
windows at which to buy the ticket features which type of queuing
system line structure?
Single channel, single phase
Single channel, multiphase
Multichannel, single phase
Multichannel, multiphase
None of these - ✔✔Multichannel, single phase
A difference between project and continuous flow categories of
process flow structures is which of the following?
The size and bulk of the product
Discrete parts moving from workstation to workstation
Degree of equipment specialization
Being a "virtual factory"
Profit per unit - ✔✔The size and bulk of the product
A listing of immediate predecessor activities is important information
in a CPM analysis for which of the following reasons?
It specifies the relationships in the CPM network of activities.
It provides useful timing information.
It includes cost information.
It is the probability information required in the final step of CPM.
None of these - ✔✔It specifies the relationships in the CPM network
of activities.
A make-to-order firm will work with the customer to design the
product and then make it from purchased materials, parts, and
components.
,True or False - ✔✔False
A project can be subdivided into which of the following?
Job orders
Sub-jobs
Work packages
Sub-paths
Events and decisions - ✔✔Work packages
A reason that firms must develop more new products than ever is
which of the following?
Product life cycles are shorter
Commitments to joint venture partners
They are replacing old customers with new ones
To amortize heavy investments in development labs
The increased difficulty of defending patents and trade names -
✔✔Product life cycles are shorter
All other things remaining the same, if the sales revenue increases,
asset turnover ratio will
, Increase
Decrease
Stay the same
may increase or decrease
there is no way to tell for sure - ✔✔Increase
Automobiles and appliances are classified as "pure goods."
True or False - ✔✔False
breakeven point - ✔✔fixed costs/contribution margin
Buying a ticket for a college football game where there are multiple
windows at which to buy the ticket features which type of queuing
system line structure?
Single channel, single phase
Single channel, multiphase
Multichannel, single phase
Multichannel, multiphase
None of these - ✔✔Multichannel, single phase
