SCM 302-05: Module 01-04 Exam 1: Multiple Choice
The critical path for the network activities shown below is ________ with duration ________.
A-D-E; 19
Which of the following statements regarding CPM is true?
All activities on the critical path have their LS equal to the maximum EF of all immediate predecessors.
Which of the following is an example of competing on quick response?
A company's products are introduced into the market faster than its competitors' products.
Which of the following statements regarding time-cost tradeoffs in CPM networks is false?
Crashing sometimes has the reverse result of lengthening the project duration.
________ expresses the error as a percent of the actual values.
MAPE
Short-range forecasts tend to ________ longer-range forecasts.
None of these answers are correct
Decreasing the number of periods in a moving average will produce
None of these answers are correct.
Which of the following activities at a commercial bank is NOT an operations activity?
auditing
What type of supply chains consider forward and reverse product flows over the entire life cycle?
closed-loop
Cost minimization is an appropriate strategy in which stage of the product life cycle?
decline
Productivity can be improved by:
decreasing inputs while holding outputs steady.
Which of the following is NOT a typical service attribute?
easy to store
Within environmental regulation, the "cap-and-trade" principle produces a market that allows companies to purchase and sell what?
emission allowances
Corporate social responsibility involves managerial decision making that considers what three impacts?
environmental, societal, and financial
Productivity increases when
inputs decrease while outputs remain the same.
What refers to analysis of environmental impacts of products from the design stage through end-of-life?
life cycle assessment
Which of the following is not a type of qualitative forecasting?
naive approach
The tracking signal is the:
ratio of cumulative error / MAD.
What theory implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can?
theory of comparative advantage