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MGMT 339 Final Exam Study Guide
Quizzes With Detailed Questions And
Answers 2025 A+ Score.
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Crash time is defined as
A.
the time necessary to complete an activity under abnormal conditions.
B.
the activity time associated with any management intervention.
C.
the difference between earliest start time and earliest finish time.
D.
the shortest possible time to complete an activity.
D.
the shortest possible time to complete an activity.
Total project costs are the sum of
A.
labor costs, overhead costs, and material costs.
B.
labor costs, material costs, and any other costs directly related to project activities.
C.
direct costs, indirect costs, and penalty costs.
Your answer is correct.
D.
overtime costs, personnel costs, and equipment costs.
C.
direct costs, indirect costs, and penalty costs.
In the "facilitator" role, the project manager must
A.
specify how the team will make decisions.
B.
determine the timing of reports to senior management.
C.
resolve conflicts between departments to ensure that the project has appropriate resources.
D.
frequently communicate with the project team to get the best performance.
C.
resolve conflicts between departments to ensure that the project has appropriate resources.
When the latest start time is known, total slack for an activity may be determined using
Which of these activities is not a major component of the initial phase of planning and managing projects?
A.
Analyzing time/cost tradeoffs
B.
Selecting the project manager and team
C.
Defining the scope and objectives
D.
Selecting the organizational structure
A.
Analyzing time/cost tradeoffs
Which one of the following statements is false?
A.
The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
B.
If one of the activities on the critical path is delayed, the entire project will be delayed.
C.
There may be more than one critical path in a project network.
D.
The activities along the critical path determine the completion time of the project.
A.
The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
The project duration in a network can be determined by the largest value of which variable associated with the critical path?
A.
Earliest finish time
B.
Slack time
C.
Earliest start time
D.
Activity time
A.
Earliest finish time
Which is the best statement regarding work breakdown structure?
A Level 1 activity is a more micro view (greater level of detail) than a Level 2 activity.
B.
A.
discouraging customers from buying excess stock.
B.
encouraging customers to buy in large batches.
C.
creating counter-seasonal demand spikes that are driven by price fluctuations.
D.
encouraging spikes in demand.
A.
discouraging customers from buying excess stock.
Forward integration can mean which of the following?
A.
the firm acquires its business customers
B.
the firm acquires more channels of distribution
C.
the firm acquires its own distribution centers and retail stores
D.
All of the above.
D.
All of the above.
Inversion Specialists, Inc., is relatively new in the industry and has calculated its inventory turnover at 5. What action would result in decreased inventory turns for Inversion Specialists, Inc.?
A.
Increase sales.
B.
Improve information flows with customers and supplier.
C.
Improve internal supply-chain relations.
D.
Increase the average aggregate inventory value.
D.
Increase the average aggregate inventory value.
The biggest growth has been in which form of e-commerce systems?
A.
consumer-to-business (C2B)
B.
business-to-business (B2B)
C.
consumer-to-consumer (C2C)
D.
business-to-consumer (B2C)
C.
restricted cash flows
D.
an increase in handling costs
A.
a decrease in inventory investment
In the order fulfillment process, low-cost operations and delivery speed can be enhanced with a technique called cross-docking. Which of the following is typically a result of cross-docking?
A.
an increase in handling costs
B.
an increase in storage space requirements
C.
restricted cash flows
D.
a decrease in inventory investment
D.
a decrease in inventory investment
Which of the following statements is false?
A.
Centralized buying often means longer lead times.
B.
Localized buying is an advantage for purchases that must be closely meshed with production schedules.
C.
Centralized buying is desirable for items unique to a particular facility.
D.
Localized buying is an advantage when the firm has major facilities in foreign countries.
C.
Centralized buying is desirable for items unique to a particular facility.
A disadvantage of centralized placement is
A.
reduction in safety stock.
B.
increased cost of shipping small quantities directly to distant customers.
C.
reduction in inventory.
D.
increased cost of warehouse space.
B.
increased cost of shipping small quantities directly to distant customers.
Efficient supply chains are used by firms that
Which of the following best characterizes JIT systems?
A.
Push method of material flow
B.
Build inventory at a modest rate
C.
Annual review of operation methods
D.
Pull method of materials flow
D.
Pull method of materials flow
Which of the following is NOT a benefit of small lot size for lean systems?
A.
Enables a uniform system workload
B.
Reduction-of-cycle inventory
C.
Reduction in product lead times
D.
Potential increase in process setups
D.
Potential increase in process setups
Regarding the Eight Types of Waste that must be eliminated to implement lean systems, using expensive high precision equipment when a simpler machine would suffice is part of which general waste category?
A.
Motion
B.
Defects
C.
Inappropriate Processing
D.
Overproduction
C.
Inappropriate Processing
Manufacturing an item before it is needed is an example of what form of waste?
A.
motion
In lean systems, part commonality serves to increase
A.
inventory.
B.
repeatability.
C.
the number of deliveries needed.
D.
the number of suppliers needed.
B.
repeatability.
Manufacturing an item before it is needed is an example of what form of waste?
A.
inappropriate processing
B.
underutilization of employees
C.
overproduction
D.
motion
C.
overproduction
One of the LEAST effective supplier strategies for lean systems is
Part 2
A.
smaller, more frequent stock shipments.
B.
to include suppliers during the product design phase.
C.
a short-term, competitive relationship between the company and the supplier.
D.
use of local suppliers.
C.
a short-term, competitive relationship between the company and the supplier.
The goal of single-digit setups is to have a setup time:
A.
of less than one shift.
B.
of less than 30 minutes.
building it so they will come.
B.
automobile assembly.
C.
made-to-order computer systems.
D.
farm products.
C.
made-to-order computer systems
Regarding the Eight Types of Waste that must be eliminated to implement lean systems, excessive movement and material handling of product between processes is part of which general waste category?
A.
Underutilization of Employees
B.
Transportation
C.
Inappropriate Processing
D.
Motion
B.
Transportation
