Pre School Quiz 1. Business - Decision Science

In a CPM analysis, if you subtract the early start from the late start, the result is the activity's slack time.

Purchasing's right to evaluate and select suppliers means that sales representatives are not allowed to talk with non-purchasing personnel

3

Why do companies consider cost saving as a major advantage of grid computing?

4

The probability of winning at least $1000 is ________

5

The critical point for the function y = 3x2 + 5x + 2 is at

6

An activity can include only one work package.

7

Which of the following is NOT true about a UML class. a. It is a classification of objects. b. It is a set of objects

8

Fact and dimension tables are related by _____ keys

9

The checklist model of project screening has a mechanism to accommodate the differential importance of relevant criteria

10

Which of the following is a consequence of an engaged workforce?

11

The Truck Toys Company manufactures traditional wooden toy trucks. It has determined its variable cost/unit to be $1.50/truck. Fixed costs, however, are quite high because old equipment is used in the manufacturing process and costly packaging is needed to market the toy trucks. The fixed costs are estimated at $11,000/month. The company sells their toy trucks at a price of $7.75/each. How many toy trucks must be sold annually to break even?

12

_____ is an approach to data management, in which data is stored in a network of nodes connected by links

13

A television manufacturer would like to reduce its inventory. To this end, you are asked by the operations manager to assess its inventory level

14

The Delphi method develops a consensus forecast about what will occur in the future

15

A company has calculated its running sum of forecast errors to be 500, and its mean absolute deviation is exactly 35. Which of the following is the company's tracking signal?

16

A facility is trying to set up an assembly line, and has identified the various tasks, and their relationship to each other, as shown in the following table. Managers wish to produce 600 units per day, working two 8-hour shifts

(a) The precedence diagram appears below.
(b) Required cycle time is 4802./600 = 1.6 minutes or 96 seconds.
(c) 235/96 = 2.45 or 3 workstations are needed.
(d) The computer output places tasks A-B-C-D in station 1, E-F in station 2, and G-H in station 3.
(e) Efficiency is about 82 percent.

Station Task Time (seconds) Time left (seconds) Ready tasks
A,B,C,D
1 B 30. 66. A,C,D
C 25. 41. A,D
A 20. 21. D,E
D 10. 11. E,F
2 E 55. 41. F,G
F 30. 11. G
3 G 25. 71. H
H 40. 31.
Summary Statistics
Cycle time 96 seconds
Time allocated (cycle time &lowast; #) 288 seconds/cycle
Time needed (sum of task times) 235 seconds/unit
Idle time (allocated-needed) 53 seconds/cycle
Efficiency (needed/allocated) 81.59722%
Balance Delay (1-efficiency) 18.40278%
Min (theoretical) # of stations 3

17

The warehouse layout and design method that places items in the closest available slot, bin, or rack, maximizes space utilization, typically employs a computerized automatic storage and retrieval system (AS/RS), and minimizes labor and handling costs, is:

18

In the 1997 Reno v. ACLU case, the U.S. Supreme Court unanimously voted to strike down the anti-indecency provisions of the Communications Decency Act (CDA) because they violated the:

19

Establishing a positive relationship with all key stakeholders early in the project helps to create a desire among those stakeholders to support the project, and builds the communications foundation for the project

20

A straight line representing all non-negative combinations of X1 and X2 for a particular profit level is called a(n)

21

The Supreme Court has ruled that the Fifth Amendment protects the right to speak anonymously as part of the guarantee of free speech

22

Calculate the average lateness using the earliest due date criterion to determine the schedule for these five jobs

23

The 2008 Computer Security Institute's Computer Crime and Security survey found that ____ percent of businesses experience computer virus infestations.

24

It is important for project managers to focus on indirect costs because they can be easily controlled

25

What is the expected completion time of the project?Below is information pertaining to a project: <img src="https://sciemce.com/files/4/ppg__tttt0824190816__f1q282g1.jpg" alt="" style="vertical-align: 0.0px;" height="231" width="296" />

26

A professional organization for project management specialists is the

27

A PMO is NOT used:

28

What is meant by payback period?

29

Outsourcing is a fairly new concept

30

Using the doubling approach, determine how long it will take to make the 64th unit of a product if it took 1 hour to complete the first product with a 50% learning curve

31

The MRP process determines the schedule of finished goods production

32

Find the shortest route from Node 1 to each of the other nodes in the transportation network represented below

33

A manager engaged in conflict mediation may choose to:

34

What technology "builds" products by laying down successive thin layers of plastic, metal, glass, or ceramics?

35

A negotiator can automatically assume that the other party thinks the same way he or she does

36

Professor Willis noted that the popularity of his office hours mysteriously rose in the middle and the end of each semester, falling off to virtually no visitors throughout the rest of the year. The demand pattern at work is:

37

Use the information from Figure K.3. The departmental pair that has the greatest weighted distance between them is:

38

The number of cars produced by GM during a given quarter is a continuous random variable

39

The RFP should state what deliverables the customer expects the contractor to provide

40

Answer the following statements true (T) or false (F)

41

A Cpk index of 1.00 equates to what defect rate?

42

You have run a capacity resource profile on your shop. A process routes products sequentially through resources A, B, C, and D. The capacity resource profile tells you that resource A is scheduled at 95 percent of capacity, resource B at 80 percent of capacity, resource C at 130 percent of capacity, and resource D at 100 percent of capacity. Assuming that the data we used to calculate the capacity resource profile was accurate, what have we discovered about the process A, B, C, and D?

43

Shortest path problems are concerned with finding the shortest route through a network.

44

A(n) ____________________ field is a field that is the result of a calculation using one or more existing fields

45

The guiding framework of MBNQA is not an adequate model for implementing TQM and the teachings of quality gurus

46

Wall Street recognizes and rewards firms that achieve higher return-on-investment

47

The schedule can include times for major tasks and key milestones to show sequence and interdependencies of the tasks

48

New product innovation is a business function that is difficult to globalize

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Pre School Quiz 1. Business - Decision Science

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