P370 PRACTICE TEST QUESTIONS WITH REVISED AND UPDATED ANSWERS GRADED A+
0 view 0 purchase
Course
P370 PRACTICE
Institution
P370 PRACTICE
P370 PRACTICE TEST QUESTIONS WITH REVISED AND UPDATED ANSWERS GRADED A+
The heart of Operations Management is the management of production systems. A production system uses to provide goods and services to the customer.
a. Production, Workforce, Inventory
b. Start-up, Alteration, Output
c...
P370 PRACTICE TEST QUESTIONS
WITH REVISED AND UPDATED
ANSWERS GRADED A+
The heart of Operations Management is the management of production systems. A
production system uses to provide goods and services to the customer.
a. Production, Workforce, Inventory
b. Start-up, Alteration, Output
c. Input, Transformation, Output
d. Set-up, Conversion, Yield
e. Capacity, Sequencing, Efficiency - Answer-c. Input, Transformation, Output
Productivity increases when:
a. Inputs increase while outputs remain the same.
b. Inputs decrease while outputs remain the same.
c. Outputs decrease while inputs remain the same.
d. Inputs and outputs increase proportionately.
e. None of the answers are correct. - Answer-b. Inputs decrease while outputs remain
the same.
Which of the following factories is the most productive?
a. Factory V1, which uses 43 units of input to produce 38 units of output
b. Factory W15, which uses 28 units of input to produce 27 units of output
c. Factory X3A, which uses 57 units of input to produce 58 units of output
d. Factory Y3, which uses 120 units of input to produce 110 units of output
e. Factory ZZ3, which uses 260 units of input to produce 240 units of output - Answer-c.
Factory X3A, which uses 57 units of input to produce 58 units of output
Suppose we are using the CPM with three time estimates (PERT) to schedule a project.
What is the variance of the length of the critical path, if there is a 92.22% probability that
the project will be completed within the expected duration plus three time periods?
Select the nearest correct answer. (HINT: Use the Z formula to find the value)
a. 1.67
b. 2.34
c. 2.96
d. 3.19
e. 4.46 - Answer-e. 4.46
, z=Norm.s.inv(92.22)
standard dev=3(time estimates)/z
variance=standard deviation^2
As project manager, it is important to deal with the people issues as well as scheduling.
Which of the following project organizational structure would require your time and
attention to handle team members' frustration in dealing with two bosses?
a. Pure project structure
b. Matrix project structure
c. Functional project structure
d. Hierarchical project structure
e. Both A and B are acceptable project structures - Answer-b. Matrix project structure
A project has three sequences of activities (paths), two of which are critical. The critical
paths of this project can be characterized in the following way:
a. The slack times for each task in the entire project are zero.
b. The chain of activities (from start to finish) that has the largest sum of activity
durations.
c. The early start date and early finish date are always the same for each activity on the
critical path.
d. To reduce the project duration, you must reduce the slack time of a task on the
critical path.
e. None of the above are correct. - Answer-b. The chain of activities (from start to finish)
that has the largest sum of activity durations.
As Project Manager, it is important to deal with the people issues as well as scheduling.
which of the following would NOT require your time and attention?
a. In a functional project structure, possibly negotiating with the departments for the
people you need.
b. Intentional delaying of a project as the completion date draws near, by people on the
project as their means of resisting change.
c. In a functional structure, resistance of team members to working on tasks outside
their area of expertise.
d. In pure project structure, the team member's frustration in dealing with two bosses.
e. Motivating team members, especially in a functional structure. - Answer-d. In pure
project structure, the team member's frustration in dealing with two bosses.
A project has a critical path with a duration of 20 weeks and a standard deviation of 4
weeks. There is a 35% chance the project will be completed in X weeks or less. What is
X? Select the closest answer.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Perfectscorer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.79. You're not tied to anything after your purchase.
