Quiz Facts 2, Business - Decision Science

1

The purpose of team meetings is to discuss openly such questions as the following except:

2

Refer to the figure. What is the probability of not completing the project within 18 days?

3

Savings in the supply chain mostly are the result of:

4

Personal characteristics of a project manager include

5

Explain how a database is updated using batch processing

6

To an observer, the quality of a printed or displayed image increases as ____________________ size increases

7

Which of the following is integrated with the organization's finance and human resources databases?

8

Big Data poses challenges when applied to simulation models, mostly due to the dimension(s) of:

9

Improvements in productivity and quality are generally a function of advances in technology

10

In order to be sure a project meeting runs according to plan, the project manager should develop an agenda in advance and deliver it to participants as they arrive at the meeting

11

Magnetic disk drives have an advantage over SSDs in power consumption

12

Which of the following can aggregate cargo and arrange for the domestic or international shipment of members' cargo at favorable volume rates?

13

________ champion the project and use their influence to gain approval of the project.

14

Using the information in Table J.17 and Johnson's rule, what is the makespan for these seven jobs?

15

To deseasonalize an observation (assuming a multiplicative model of seasonality), multiply it by the appropriate seasonal index

16

A data model is usually graphical

17

In the context of structured systems analysis and design (SSAD) models, a _____ is a modeling tool that helps break down a complex process into simpler, more manageable, and more understandable subprocesses

18

Some telecommunications devices with which you interact daily include ____.

19

Which of the following represents a valid constraint in linear programming?

20

In the 'news vendor problem', the underlying concept is that the news vendor should continue increasing the stock until the expected loss on the last sale ________ the expected revenue on the last unit stocked.

21

Sometimes manual simulation of several trials is ________ way to validate a simulation

22

The following data consists of a matrix of transition probabilities (P) of Accounting, Economics, Finance, and Management and the count of students in each major. Assume that each state represents a major and the transition probabilities represent changes from one major to the next after taking the introductory class in each discipline. It takes two semesters for students to finish taking all four introductory courses.

23

Startup and shutdown costs are major considerations when using the ________ scheduling technique.

24

If the daily demand is 25 and the lead time in days is 4, what is the reorder point?

25

What are the five uses of inventory?

26

Differentiate between specialization and generalization

27

________ is an approach that seeks efficiency of operations through the integration of all material acquisition, movement, and storage activities

28

Facility layout does not enhance sustainability in service-producing organizations

29

Assumptions of the EOQ model include:

in Business

Kushie's Coffee in Bangalore is a quaint establishment nestled near MG Road in the central business district. It serves coffee and fruit cake to a clientele that has been enjoying these products for over fifty years. The demand for coffee beans is 6600 cases per year (each case has 24 ten-pound bags). It would be disastrous for them to run out of coffee, so they keep a safety stock of 30 cases. The cases cost $4800 and it costs $5 per case to order coffee. As coffee is a perishable product, the holding cost is fairly high at $40/case/year. The lead time to receive an order is seven days. Kushie's is open 300 days a year.

A) Demand is normally distributed.
B) Lead time is normally distributed.
C) There is instantaneous order receipt.
D) Backorders can occur.

30

You are offered the chance to obtain more space. The offer is for 15 units and the total price is $1500. What should you do? Why?

31

The DMADV process for improving product and service designs comes to us from what methodology?

32

The data ____________________ refers to the manner in which data in a database is organized into sequential levels of detail.

33

If you had two separate tables for customers and the query requested customers in the first table having the same city as customers in the second table, you could use a normal ____________________ operation to find the answer

34

Which of the following types of estimate use the actual cost of a previous, similar project as the basis for estimating the cost of the current project?

35

In the original Chen notation, each attribute is represented by an oval with the attribute name connected to an entity rectangle with a line

36

Agile project management is a type of work breakdown structure (WBS)

37

The process of identifying a recorded human voice is known as voice-____ identification.

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Quiz Facts 2, Business - Decision Science

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