ISDS 3115 STUDY GUIDE 2026
COMPLETE QUESTIONS WITH
CORRECT SOLUTIONS GRADED A+
◉ Operations management (OM). Answer: The set of activities that
creates value in the form of goods and services by transforming
inputs into outputs
◉ Essential function that generates demand. Answer: Marketing
◉ Essential function that creates the product. Answer:
Production/operations
◉ Essential function that tracks how well the organization is doing,
pays bills, collects the money. Answer: Finance/accounting
◉ The supply chain. Answer: A global network of organizations and
activities that supplies a firm with goods and services
◉ 5 Basic Management Fuctions. Answer: Planning
Organizing
Staffing
Leading
, Controlling
◉ Productivity. Answer: The ratio of outputs (goods and services)
divided by the inputs (resources such as labor and capital)
◉ Productivity Variables. Answer: Labor, Capital, Management
◉ Program Evaluation and Review Technique (PERT). Answer: For
uncertainties in the activity times
◉ Critical Path Method (CPM). Answer: For known activity times
◉ Program Evaluation and Review Technique (PERT). Answer: For
uncertainties in the activity times
◉ Critical path. Answer: Compute the longest time path through the
network and shortest time the project can be completed
◉ Earliest Finish Time Rule. Answer: The earliest finish time of an
activity is the sum of its earliest start time and its activity time
◉ Latest Start Time Rule. Answer: The latest start time of an activity
is the difference of its latest finish time and its activity time
COMPLETE QUESTIONS WITH
CORRECT SOLUTIONS GRADED A+
◉ Operations management (OM). Answer: The set of activities that
creates value in the form of goods and services by transforming
inputs into outputs
◉ Essential function that generates demand. Answer: Marketing
◉ Essential function that creates the product. Answer:
Production/operations
◉ Essential function that tracks how well the organization is doing,
pays bills, collects the money. Answer: Finance/accounting
◉ The supply chain. Answer: A global network of organizations and
activities that supplies a firm with goods and services
◉ 5 Basic Management Fuctions. Answer: Planning
Organizing
Staffing
Leading
, Controlling
◉ Productivity. Answer: The ratio of outputs (goods and services)
divided by the inputs (resources such as labor and capital)
◉ Productivity Variables. Answer: Labor, Capital, Management
◉ Program Evaluation and Review Technique (PERT). Answer: For
uncertainties in the activity times
◉ Critical Path Method (CPM). Answer: For known activity times
◉ Program Evaluation and Review Technique (PERT). Answer: For
uncertainties in the activity times
◉ Critical path. Answer: Compute the longest time path through the
network and shortest time the project can be completed
◉ Earliest Finish Time Rule. Answer: The earliest finish time of an
activity is the sum of its earliest start time and its activity time
◉ Latest Start Time Rule. Answer: The latest start time of an activity
is the difference of its latest finish time and its activity time
