QMB 3200 MIDTERM UCF Exam Latest Update
2024-2025 Actual Exam from Credible Sources
with 50 Questions and Verified Correct Answers
Golden Ticket to Guaranteed A+ Verified by
Professor
__________ is a style of project network diagram in which arrows represent tasks and
their connections with nodes represent precedence relationships. - CORRECT
ANSWER: AOA
___________ cost is cost incurred regardless of the volume of associated activity. -
CORRECT ANSWER: Fixed
________is a degree to which a task may be delayed from its early start without
delaying the project. - CORRECT ANSWER: Slack
A term used to describe agile project management process team meetings is? -
CORRECT ANSWER: scrum
All of the following are disadvantages of a conservative capacity strategy EXCEPT -
CORRECT ANSWER: competitors have less incentive and opportunity to enter the
marketplace.
Among the supply chain frameworks that companies may use for reference, metrics,
and standardization, the SCOR model generally works best for? - CORRECT ANSWER:
tangible goods providers
An ability that distinguishes a business from its competitors is a - CORRECT ANSWER:
core competency
, Averaging forecast errors over time results in the performance measure known as *****?
- CORRECT ANSWER: mean error
Calculating a regression equation for a given set of data identifies the specific values of
____ - CORRECT ANSWER: the slope and intercept
Capacity can refer to a single machine or to an entire supply chain network - CORRECT
ANSWER: True
CHAPTER 7&9 - CORRECT ANSWER:
Chicago's new city buses are intended to hold 60 people. This is a measurement of the
________ of the buses. - CORRECT ANSWER: design capacity
Drawing an AON network requires representing each activity as a standard shape and
joining these shapes with arcs indicating _______. - CORRECT ANSWER: precedence
relationships
Effective capacity of a system is expected to be more than its design capacity -
CORRECT ANSWER: false
Frank works for a paper company that supplies paper to greeting card manufacturers. In
this scenario, his company participates in ___________ sales. - CORRECT ANSWER:
B2B
In a time series, what is a black swan? - CORRECT ANSWER: a particularly high-
impact incident of extreme consequence that is unexpected or considered highly
improbable
In the business world, a legal obligation known as ____________ is made when
_____________ is accepted between two capable parties. - CORRECT ANSWER: a
contract; an offer
2024-2025 Actual Exam from Credible Sources
with 50 Questions and Verified Correct Answers
Golden Ticket to Guaranteed A+ Verified by
Professor
__________ is a style of project network diagram in which arrows represent tasks and
their connections with nodes represent precedence relationships. - CORRECT
ANSWER: AOA
___________ cost is cost incurred regardless of the volume of associated activity. -
CORRECT ANSWER: Fixed
________is a degree to which a task may be delayed from its early start without
delaying the project. - CORRECT ANSWER: Slack
A term used to describe agile project management process team meetings is? -
CORRECT ANSWER: scrum
All of the following are disadvantages of a conservative capacity strategy EXCEPT -
CORRECT ANSWER: competitors have less incentive and opportunity to enter the
marketplace.
Among the supply chain frameworks that companies may use for reference, metrics,
and standardization, the SCOR model generally works best for? - CORRECT ANSWER:
tangible goods providers
An ability that distinguishes a business from its competitors is a - CORRECT ANSWER:
core competency
, Averaging forecast errors over time results in the performance measure known as *****?
- CORRECT ANSWER: mean error
Calculating a regression equation for a given set of data identifies the specific values of
____ - CORRECT ANSWER: the slope and intercept
Capacity can refer to a single machine or to an entire supply chain network - CORRECT
ANSWER: True
CHAPTER 7&9 - CORRECT ANSWER:
Chicago's new city buses are intended to hold 60 people. This is a measurement of the
________ of the buses. - CORRECT ANSWER: design capacity
Drawing an AON network requires representing each activity as a standard shape and
joining these shapes with arcs indicating _______. - CORRECT ANSWER: precedence
relationships
Effective capacity of a system is expected to be more than its design capacity -
CORRECT ANSWER: false
Frank works for a paper company that supplies paper to greeting card manufacturers. In
this scenario, his company participates in ___________ sales. - CORRECT ANSWER:
B2B
In a time series, what is a black swan? - CORRECT ANSWER: a particularly high-
impact incident of extreme consequence that is unexpected or considered highly
improbable
In the business world, a legal obligation known as ____________ is made when
_____________ is accepted between two capable parties. - CORRECT ANSWER: a
contract; an offer
