MGMT 355-01 Quiz Chapters 3 to 8 Quiz

A project starts out as which of the following? A Gantt chart Critical Path Method (CPM) A series of milestones A latest-start-time estimate A Statement of Work

A Statement of Work

Which of these expressions describes Little's Law? Inventory/Flow time = Throughput rate Inventory/Throughput Rate = Flow time Inventory = Throughput rate × Flow time All of the expression options Throughput Rate/Inventory = 1/Flow Time

All of the expression options

In conducting aggregate operations planning there are a number of required inputs. Which of the following are considered inputs internal to the firm? Competitor behavior and current workforce Current physical capacity and raw material availability Current physical capacity and current workforce Market demand and subcontractor capacity Inventory levels and economic conditions

Current physical capacity and current workforce

Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast? Time series analysis Weighted moving average Simple moving average Panel consensus Delphi method

Delphi method

What does "EVM" stand for? Extra Value Materials—premium quality raw materials at the project site. Enterprise Vacation Matrix—A chart indicating team members planned days off and vacation absences. External Variance Measurement—identifying the degree to which project time and cost variances were due to forces and issues uncontrollable by the project manager. Early Vision Management—An technique used in early project planning meetings for activities that set expectations to highlight and avoid scope and feature creep. Earned Value Management-a technique for measuring project progress objectively.

Earned Value Management-a technique for measuring project progress objectively.

When deciding to add capacity to a factory which of the following need not be considered? Maintaining system balance Immediate product demand Frequency of capacity additions Availability of raw materials Use of external capacity

Immediate product demand

Simple systems can be analyzed quickly using a principle known as Little's law. According to Little's Law, which of the following ratios is used to find throughput rate? Inventory /Flow time Throughput time/Process velocity Cycle time/Process time Process velocity/Throughput time Value added time/Process velocity

Inventory /Flow time

In business forecasting, what is usually considered a short-term time period? Six months or more One year More than three months Less than three months

Less than three months

Which of the following forecasting methodologies is considered a causal forecasting technique? Market research Linear regression Historical analogy Weighted moving average Exponential smoothing

Linear regression

Which of the following forecasting methodologies is considered a qualitative forecasting technique? Market research Linear regression Simple moving average Exponential smoothing Multiple regression

Market research

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures? Functional project Integrated Task Force Cross-functional flexible team Matrix project Pure project

Matrix project

The definition of Production rate is ________ Number of people needed to build products in a given year Quantity of raw materials stored in inventory at any given time Number of units completed per unit of time Financial costs associated with a given production level

Number of units completed per unit of time

The capacity focus concept can be put into practice through a mechanism called which of the following? Total quality management (TQM) Best operating level (BOL) Zero-changeover-time (ZXT) Capacity utilization rate (CUR) Plant within a plant (PWP)

Plant within a plant (PWP)

The formats by which a facility is arranged are defined by the general pattern of work flow. Which of the following is not a basic type of process structure? Assembly line Manufacturing cell Continuous process Product-process matrix Workcenter

Product-process matrix

Sales & Operations Planning (S&OP) involves_________. A spreadsheet used to manage the long-term financial compensation programs for the sales and operations teams. An off-site meeting where operations executives select the best suppliers to meet new product development programs for company growth. The Aggregate Planning process that helps keep demand & supply in balance and requires an integrated cooperation from sales, distribution & logistics, operations, finance, and product development. A quarterly meeting with to address pricing, promotions, programs and personnel

The Aggregate Planning process that helps keep demand & supply in balance and requires an integrated cooperation from sales, distribution & logistics, operations, finance, and product development.

The major goal of critical path analysis is to: Identify and manage the least critical path Provide a visual aid that indicates precedent and antecedent relationships. Estimate the project's completion date. To determine when each activity in the project should be scheduled. Determine the latest feasible start date.

To determine when each activity in the project should be scheduled.

If Workforce level is the Number of workers needed in a given period then, Total Production is defined as_______. Total Production = Inventory on Hand / Workforce level. Total Production = Workforce level / Production rate. Total Production = Production rate / Workforce level. Total Production = Production rate × Workforce level.

Total Production = Production rate × Workforce level.

In time series data depicting demand which of the following is not considered a component of demand variation? Trend Seasonality Variance Cyclicality Autocorrelation

Variance

Which of the following forecasting methodologies is considered a time series forecasting technique? Delphi method Weighted moving average Exponential averaging Simple movement smoothing Simulation

Weighted moving average

The formats by which a facility is arranged are defined by the general pattern of work flow. Which of the following is a basic type of process structure? Manual assembly Workcenter Process flow diagram Product matrix Process matrix

Workcenter

A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. This firm is called: a make to order firm a make to stock firm an engineer to order firm an assemble to order firm

an engineer to order firm

A firm fills its customer's orders from finished goods, standardized product inventory. It is a: make to stock firm customer service firm assemble to order firm make to order firm engineer to order firm

make to stock firm