Week 5 - Final Exam - Instructions Final Exam

Week 5 - Final Exam Points 50 Questions 50 Time Limit 720 Minutes Instructions Final Exam [WLO: 3] [CLOs: 1, 2, 3, 4, 5] 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 pts

A project’s completion time variance is calculated by?Correct!

Summing the variances of the critical path activities

Multiplying the variances of all of the project activities

Summing the variances of all of the project activities

Multiplying the variances of the critical path activities

Question 2

• / 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!

Demand management

Customer service management

Customer relationship management

Manufacturing flow management

Question 3

• / 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?

Transportation

Cycle

Hedge

Correct!

Safety stocks

Question 4

• / 1 pts

The set of task descriptions for a project is known as a(n)?

Bill of materials

You Answered

Task listing

Activity diagram

Work breakdown structure

Question 5

• / 1 pts

Activities on the critical path have slack times of?You Answered

Cannot be determined from the information given

>1

1

Question 6

• / 1 pts

The ISO standard associated with quality management is?Correct!

ISO 9000

ISO 12000

ISO 14000

ISO 10000

Question 7

• / 1 pts

All of the following are terms for material flow mapping except?

Value stream mapping

Process flowcharting

Correct!

Process value mapping

Process mapping

Question 8

• / 1 pts

The purchasing cycle is often broken down into a process with how many steps?

4

Correct!

6