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