While using PERT (Program Evaluation Review Technique) and CPM (Critical Path Method) techniques, activities that are on the critical path are more flexible than those activities which are not on the critical path
Indicate whether the statement is true or false
False
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Which of the following is the correct formula for measuring a cost variance?
A) Cost Variance = (Actual Cost + Standard Cost) / Actual Quantity B) Cost Variance = (Actual Cost - Standard Cost) × Actual Quantity C) Cost Variance = (Actual Cost + Standard Cost) + Actual Quantity D) Cost Variance = (Actual Cost - Standard Cost) - Actual Quantity
Which one of the following actions should a company take IMMEDIATELY when it finds that its product is defective?
A. inform buyers about it B. take corrective action in a timely manner C. stop producing the product D. lower the price
In the context of positioning errors, when the claims made for the product or brand are not regarded as credible by consumers, it is called ________.
A. underpositioning B. overpositioning C. repositioning D. doubtful positioning E. fuzzy positioning
Which of the following factors does knowledge management focus on?
a. Credentials of knowledge b. Capacity for aggregation c. Status of knowledge d. Tradition behind knowledge