Dealing with the fact that certain aspects of any management situation are more important than others is called:
a.
decision analysis.
b.
establishing priorities.
c.
sensitivity analysis.
d.
analysis of trade-offs.
e.
analysis of variance.
establishing priorities.
Operations, marketing, and finance function independently of each other in most organizations.
True
False
False
Major trends that affect operations are only taken into account once strategies and tactics are in place.
True
False
False
Operations management involves both system design and planning/control decisions.
True
False
True
Measurement of productivity in service is more straightforward than in goods production due to the high degree of uniformity of inputs.
True
False
False
Of the following, which aspect of the evolution of operations management is affiliated with Japanese manufacturing companies?
a.
craft production
b.
the industrial revolution
c.
the human relations movement
d.
total quality management
e.
scientific management
total quality management
The operations, finance, and marketing functions of business organizations:
a.
must function independently of each other to ensure confidentiality.
b.
are related indirectly only.
c.
might work together occasionally, but must maintain their own independence.
d.
perform different but related processes necessary for the organization.
e.
compete against one another to obtain recognition and the largest possible share of corporate budgets
perform different but related processes necessary for the organization.
In a final assembly line, ten workers assembled an average of 1260 bikes per six-day week. What is the labour productivity of this final assembly line?
a.
21 bikes/worker/day
b.
210 bikes/worker/day
c.
42 bikes/worker/day
d.
13 bikes/worker/day
e.
110 bikes/worker/day
21 bikes/worker/day
Focus on environmentally friendly and energy-efficient operations is an example of a strategy in an organization.
True
False
True
Visions are more specific than strategies, and they provide guidance and direction for carrying out actual operations, which need the most specific and detailed plans and decision making in an organization.
True
False
False
Service productivity is easier to measure than manufacturing productivity because it is more labour intensive.
True
False
False
Which of the following statement regarding organization strategies is TRUE?
a.
Strategies are the long-term plans.
b.
Strategies are where the organization desires to be in the future.
c.
Strategies provide more detail and describes the scope of the mission.
d.
Strategies are the methods and actions.
Strategies are the long-term plans.
A toy manufacturing company currently produces 1600 mini-robots in an eight-hour shift. If the production is increased to 2,200 per shift, then productivity will increase by:
a.
33.5%
b.
50.2%
c.
37.5%
d.
43.4%
e.
27.2%
37.5%
The external elements of SWOT analysis are:
a.
strengths and threats.
b.
opportunities and threats.
c.
strengths and opportunities.
d.
weaknesses and opportunities.
e.
strengths and weaknesses.
Opportunities and Threats
Flexibility or the ability to produce a variety of goods and services is one of the factors of competitive priorities.
True
False
True
The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.
True
False
False
Given the portion of the network shown below, what is the earliest finish time for activity F, if the earliest start time of E is 14, and the earliest start time of D is 16?
look at graph
a.
16
b.
25
c.
30
d.
22
e.
14
30
Risks are inherent in projects. Although careful planning can reduce risks, no amount of planning can totally eliminate them.
True
False
True
If two consecutive activities on the same path each have two days of activity slack, this means that each of them can be delayed by two days without delaying the overall project.
True
False
False
A project manager has compiled a list of major activities that will be required to install a heating system. The list includes three-point estimates of durations (optimistic, most likely, pessimistic) for activities and the precedence relationships.
Look at table
What is the estimated slack time for activity A?
a.
60 days
b.
100 days
c.
20 days
d.
0 days
e.
40 days
60 Days
Indirect cost for a project is $2500 per day. Given the following information, determine an optimum crashing plan. What is the total cost for the plan?
Look at table
6900
A project manager for Durable Construction Co. is about to build a house involving the following activities:
look at table
What is the estimated expected (mean) duration for activity E?
Question 22Answer
a.
36 days
b.
35 days
c.
45 days
d.
40 days
e.
39 days
35 days
Within what amount of time (in weeks) is there a 99% probability that the critical path for this project will be completed?
look at table
86.65
The earliest finish time for an activity is equal to the latest finish time minus the activity time.
True
False
False
