MGT302 Week 5 Final Exam 2020

Week 5 - Final Exam Complete the exam, which will take approximately two hours but you have 12 hours available. This exam will be open-book. The exam consists of multiple-choice and true or false questions and is worth 20% of your course grade. Click on the Take the Quiz button when you are ready to start this exam. When finished, click on Submit Quiz. Question 1 1 / 1 pts A project’s completion time variance is calculated by? Correct! Question 2 1 / 1 pts Forecasting demand and translating that forecast into desired levels of purchasing, production, and distribution activities is part of which of the eight key supply chain processes? Correct! Question 3 1 / 1 pts A firm releases a new product that is unexpectedly very popular. It is likely that the firm will have to rely on which type of inventory function? Question 4 1 / 1 pts The set of task descriptions for a project is known as a(n)? Question 5 1 / 1 pts Activities on the critical path have slack times of? Question 6 1 / 1 pts The ISO standard associated with quality management is? Correct! Question 7 1 / 1 pts All of the following are terms for material flow mapping except? Question 8 1 / 1 pts The purchasing cycle is often broken down into a process with how many steps? Question 9 1 / 1 pts Critical activities primarily govern what aspect of a project? Question 10 1 / 1 pts A company that manages its customer base in order to satisfy the customer and ensure that they continue to purchase goods and services is using which of the eight key supply chain processes? Question 11 1 / 1 pts Processes turn _________ into ________. Question 12 1 / 1 pts In the t = (a 4m b)/6 calculation for expected activity completion time, the a refers to? Question 13 1 / 1 pts Project management is primarily concerned with all of the following aspects of projects except? Question 14 1/ 1 pts Which of the following is an example of a lean production initiative? Question 15 1 / 1 pts The final step in the purchasing cycle is Correct! Question 16 1 / 1 pts All of the following are typical components of a time series except? Question 17 1 / 1 pts Choosing to locate in a country where employees would have access to world-class health care would likely involve which location decision consideration? Question 18 1 / 1 pts The second step in the purchasing cycle is Question 19 1 / 1 pts Which question is not associated with the financials when conducting product screening? SECTION 2 Correct! Question 20 1 / 1 pts DPMO is calculated as? Question 21 1 / 1 pts Strategic fit requires alignment of product design with? Correct! Question 22 1 / 1 pts CPM stands for? Question 23 1 / 1 pts PERT stands for? Question 24 1 / 1 pts Queuing analysis can likely be used to do all of the following except? Question 25 1 / 1 pts Deming developed which of the following? Question 26 1 / 1 pts In a material flow map, a triangle represents? Question 27 1 / 1 pts Identifying and improving constrained processes is the focus of the? Question 28 1 / 1 pts Customers are ____________ to be involved in a service process than in a process related to goods. You Answered Question 29 1 / 1 pts The amount of money that a firm spends on goods and services is referred to as _______. Question 30 1 / 1 pts Process integration between a firm and its suppliers and customers is __________. Question 31 1 / 1 pts Purchasing goods and services for business purposes can alternatively be referred to as _______. Question 32 1 / 1 pts When data available to a firm is too old to be useful, what type of forecasting technique should the firm consider? Correct! Question 33 1 / 1 pts “The entire purchasing process or cycle” refers to the concept of _______. You Answered Question 34 1 / 1 pts What general technique is used to predict demand requirements? Question 35 1 / 1 pts Completed products ready for delivery to customers are? Question 36 1 / 1 pts In lean, waste reduction should lead to? Question 37 1 / 1 pts Holding too little inventory ____________ the risk of a stockout. Correct! SECTION 3 Neither increases nor decreases Question 38 1 / 1 pts Which of the following is least likely to be a core competency of a fast-food restaurant chain? Question 39 1 / 1 pts Successful Six Sigma projects are likely to accomplish all of the following except? Question 40 1 / 1 pts In many industries, more than ____________ of revenues are generated from new products introduced during the previous year. Question 41 1 / 1 pts Which of the following is not likely to be a performance measure related to quality? Question 42 1 / 1 pts The supply chain process integration model described in the textbook includes how many steps? Question 43 1 / 1 pts Customer A generates $17,500 (on average) of annual sales for a supplier with a profit margin of 12%. Customer B generates $19,000 (on average) of annual sales for the supplier with a profit margin of 10%. Assume a 7% discount rate and that each customer has an expected lifetime of 5 years. Which customer has a greater customer lifetime value? Question 44 1/ 1 pts Which of the following is most likely an example of a job shop? Question 45 1 / 1 pts In a break-even problem, what would be expected to happen to the break-even quantity if sales price is increased (assume fixed and variable costs remain constant)? You Answered Question 46 1 / 1 pts Reilly Inc. estimates that its productivity in the year 2014 was 8 t-shirts per labor hour. In 2015, Reilly estimated its productivity as 9 t-shirts per labor hour. What is Riley’s productivity growth rate from 2014 to 2015? Question 47 1 / 1 pts In a typical supply chain, goods flow in which of the following manners? Question 48 1 / 1 pts A company implementing a liberal policy for accepting customers bringing back unwanted or defective purchases relates to which of the eight key supply chain processes? Question 49 1 / 1 pts Collaboration within a supply chain leads to all of the following except __________. Question 50 1 / 1 pts Deliver the Program to Targeted Customer Segments Poor forecasting and production planning can negatively impact all of the following except?