ISDS 3115 Exam 1 – practice exam questions with answers and foundational
revision material
False - ANS ✔✔Is this true?
Work breakdown structure is a useful tool in project management because it addresses the
timing of individual work elements.
is effective for companies with multiple large projects - ANS ✔✔A project organization:
because near-critical paths could become critical paths with small delays in these activities. -
ANS ✔✔In a PERT network, non-critical activities that have little slack need to be monitored
closely:
All activities on the critical path have their LS equal to the maximum EF of all immediate
predecessors. - ANS ✔✔Which of the following statements regarding CPM is true?
True - ANS ✔✔Is this True: One advantage of exponential smoothing is the limited amount of
record keeping involved.
job assignments - ANS ✔✔One use of short-range forecasts is to determine:
moving average - ANS ✔✔Which of the following is not a type of qualitative forecasting?
Delphi method, sales force composite, market survey, jury of executive opinion - ANS ✔✔What
are types of qualitative forecasting?
-1 or 1 - ANS ✔✔If two variables were perfectly correlated, what would the coefficient of
correlation r equal?
, operations management. - ANS ✔✔The set of activities that relate to the creation of goods and
services through the transformation of inputs to outputs is referred to as
Marketing - ANS ✔✔What is NOT one of the 10 strategic OM decisions?
1. Design of goods and services
2. Managing quality
3. Process and capacity strategy
4. Location strategy
5. Layout strategy
6. Human resources and job design
7. Supply chain management
8. Inventory management
9. Scheduling
10. Maintenance - ANS ✔✔What are the 10 strategic OM decisions?
intangible products - ANS ✔✔The service sector constitutes economic activities that typically
produce
Globalization strategies could simplify the operations manager's job - ANS ✔✔What is an
incorrect statement regarding globalization and globalization strategies?
- Globalization strategies could contribute to efficiency.
- Globalization means customers, talent, and suppliers are worldwide.
- Globalization strategies could add value to products and services. - ANS ✔✔What is true
regarding globaliation and globalization strategies?
revision material
False - ANS ✔✔Is this true?
Work breakdown structure is a useful tool in project management because it addresses the
timing of individual work elements.
is effective for companies with multiple large projects - ANS ✔✔A project organization:
because near-critical paths could become critical paths with small delays in these activities. -
ANS ✔✔In a PERT network, non-critical activities that have little slack need to be monitored
closely:
All activities on the critical path have their LS equal to the maximum EF of all immediate
predecessors. - ANS ✔✔Which of the following statements regarding CPM is true?
True - ANS ✔✔Is this True: One advantage of exponential smoothing is the limited amount of
record keeping involved.
job assignments - ANS ✔✔One use of short-range forecasts is to determine:
moving average - ANS ✔✔Which of the following is not a type of qualitative forecasting?
Delphi method, sales force composite, market survey, jury of executive opinion - ANS ✔✔What
are types of qualitative forecasting?
-1 or 1 - ANS ✔✔If two variables were perfectly correlated, what would the coefficient of
correlation r equal?
, operations management. - ANS ✔✔The set of activities that relate to the creation of goods and
services through the transformation of inputs to outputs is referred to as
Marketing - ANS ✔✔What is NOT one of the 10 strategic OM decisions?
1. Design of goods and services
2. Managing quality
3. Process and capacity strategy
4. Location strategy
5. Layout strategy
6. Human resources and job design
7. Supply chain management
8. Inventory management
9. Scheduling
10. Maintenance - ANS ✔✔What are the 10 strategic OM decisions?
intangible products - ANS ✔✔The service sector constitutes economic activities that typically
produce
Globalization strategies could simplify the operations manager's job - ANS ✔✔What is an
incorrect statement regarding globalization and globalization strategies?
- Globalization strategies could contribute to efficiency.
- Globalization means customers, talent, and suppliers are worldwide.
- Globalization strategies could add value to products and services. - ANS ✔✔What is true
regarding globaliation and globalization strategies?
