MQM 227 Exam 2 with Correct Answers
Which of the following statements is incorrect?
a. The purpose of forecast accuracy is to determine when the forecasting
method is no longer tracking actual demand and should be reset.
b. Forecasting is only used to predict future events.
c. Through planning, we consciously attempt to alter future events.
d. Whenever demand is not constrained by capacity, inventory, or other
management policies; the forecasting of demand should be the same as
the forecasting of sales.
e. The purpose of forecast accuracy is to monitor predictable demand
observations or outliers (which should be carefully evaluated and perhaps
,excluded from data analysis). - 🧠 ANSWER ✔✔e. The purpose of forecast
accuracy is to monitor predictable demand observations or outliers (which
should be carefully evaluated and perhaps excluded from data analysis).
Correct: The purpose is to monitor erratic demand observations.
Which of the following statements is incorrect?
a. The critical path is the one that takes the longest time to complete.
b. Crash times are applied to all activities on the critical path(s).
c. PERT requires three time estimates for each activity: an optimistic, most
likely, and pessimistic time estimate.
d. Slag (if any) is the difference between ES and LS at each operation.
e. PERT refers to the program evaluation review technique. - 🧠 ANSWER
✔✔b. Crash times are applied to all activities on the critical path(s).
,Correct: Crash times are only applied to the critical path.
D is wrong if not a typo.
Which of the following statements is incorrect?
a. Forecasts will almost always be incorrect because the future is relatively
uncertain.
b. When a major employer leaves an area, past sales data may not be a
reliable predictor of the future.
c. Qualitative forecasting methods are useful when past data is not reliable
predictors of the future.
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, d. In forecasting, a lack of data may occur when the product is a new
innovation or invention.
e. Quantitative forecasting methods are useful when there is a lack of data.
- 🧠 ANSWER ✔✔e. Quantitative forecasting methods are useful when there
is a lack of data.
Correct: They are useful with ample data.
Which of the following tasks do not occur during the scheduling phase of a
project?
a. Finish all work
b. Develop a detailed work-breakdown structure
c. Estimate the time required for each task
Which of the following statements is incorrect?
a. The purpose of forecast accuracy is to determine when the forecasting
method is no longer tracking actual demand and should be reset.
b. Forecasting is only used to predict future events.
c. Through planning, we consciously attempt to alter future events.
d. Whenever demand is not constrained by capacity, inventory, or other
management policies; the forecasting of demand should be the same as
the forecasting of sales.
e. The purpose of forecast accuracy is to monitor predictable demand
observations or outliers (which should be carefully evaluated and perhaps
,excluded from data analysis). - 🧠 ANSWER ✔✔e. The purpose of forecast
accuracy is to monitor predictable demand observations or outliers (which
should be carefully evaluated and perhaps excluded from data analysis).
Correct: The purpose is to monitor erratic demand observations.
Which of the following statements is incorrect?
a. The critical path is the one that takes the longest time to complete.
b. Crash times are applied to all activities on the critical path(s).
c. PERT requires three time estimates for each activity: an optimistic, most
likely, and pessimistic time estimate.
d. Slag (if any) is the difference between ES and LS at each operation.
e. PERT refers to the program evaluation review technique. - 🧠 ANSWER
✔✔b. Crash times are applied to all activities on the critical path(s).
,Correct: Crash times are only applied to the critical path.
D is wrong if not a typo.
Which of the following statements is incorrect?
a. Forecasts will almost always be incorrect because the future is relatively
uncertain.
b. When a major employer leaves an area, past sales data may not be a
reliable predictor of the future.
c. Qualitative forecasting methods are useful when past data is not reliable
predictors of the future.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, d. In forecasting, a lack of data may occur when the product is a new
innovation or invention.
e. Quantitative forecasting methods are useful when there is a lack of data.
- 🧠 ANSWER ✔✔e. Quantitative forecasting methods are useful when there
is a lack of data.
Correct: They are useful with ample data.
Which of the following tasks do not occur during the scheduling phase of a
project?
a. Finish all work
b. Develop a detailed work-breakdown structure
c. Estimate the time required for each task
