Operations Management
Final Test Solutions
Course Introduction
Operations Management is a course that explores the design, management, and improvement of the processes that produce and deliver goods and services. Students will learn key concepts such as process analysis, capacity planning, quality management, supply chain coordination, inventory control, and project management. Through case studies, quantitative models, and real-world examples, the course emphasizes the strategic role of operations in enhancing organizational efficiency and competitiveness, and equips students with analytical tools to solve operational challenges across various industries.
Recommended Textbook
Project Management in Practice 4th Edition by Samuel J. Mantel Jr
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8 Chapters
373 Verified Questions
373 Flashcards
Source URL: https://quizplus.com/study-set/1698
Page 2
Chapter 1: The World of Project Management
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52 Verified Questions
52 Flashcards
Source URL: https://quizplus.com/quiz/33651
Sample Questions
Q1) R&D projects are oriented toward using newly developed technologies or existing technologies in a new manner.
A)True
B)False
Answer: True
Q2) If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000,the payback period is:
A) 5 years
B) 4 years
C) One fifth of a year
D) 10 years
E) insufficient information to determine the payback period
Answer: A
Q3) As a rule of thumb,the number of factors included in a scoring model should be at least 10.
A)True
B)False
Answer: False
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Chapter 2: The Manager, the Organization, and the Team
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45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/33652
Sample Questions
Q1) The project manager should take a careful,analytic approach to making decisions about projects.
A)True
B)False
Answer: False
Q2) The functional manager has expertise in the function he or she manages,but the project manager rarely has expertise in many of the project's technical areas.
A)True
B)False
Answer: True
Q3) The project team members should be all of the following except:
A) politically sensitive
B) technically competent
C) goal oriented
D) problem oriented
E) focused on activities
Answer: E
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Page 4
Chapter 3: Planning the Project
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48 Verified Questions
48 Flashcards
Source URL: https://quizplus.com/quiz/33653
Sample Questions
Q1) The salary requirements of human resources are a required element in the project plan.
A)True
B)False
Answer: False
Q2) It is NOT possible to overdo it when it comes to project planning.
A)True
B)False
Answer: False
Q3) The letters used in the RACI matrix help link a person and a task for accountability purposes.
A)True
B)False Answer: true
Q4) Multidisciplinary teams are almost certain to operate in an environment of conflict.
A)True
B)False
Answer: True
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Page 5
Chapter 4: Budgeting the Project
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46 Verified Questions
46 Flashcards
Source URL: https://quizplus.com/quiz/33654
Sample Questions
Q1) The project budget acts as a project control.
A)True
B)False
Q2) Activity budgets show expenses by task and expected time period of the expenditure.
A)True
B)False
Q3) Organizational tradition has little or no impact on the firm's project budgeting.
A)True
B)False
Q4) With top-down budgeting,overlooking a small but important task can often cause a serious budgetary problem.
A)True
B)False
Q5) Top-down budgeting typically results in better acceptance of the budget.
A)True
B)False
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Page 6
Chapter 5: Scheduling the Project
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46 Verified Questions
46 Flashcards
Source URL: https://quizplus.com/quiz/33655
Sample Questions
Q1) Technical dependencies are generally easier to see on a Gantt chart than on PERT/CPM networks.
A)True
B)False
Q2) The difference between EST and LFT is called slack.
A)True
B)False
Q3) Standard Pert/CPM networks can be use to resolve probabilistic concerns
A)True
B)False
Q4) A start-to-finish linkage is the most common way of linking to successive task.
A)True
B)False
Q5) The difference between the LST and EST is called slack.
A)True
B)False
Q6) An event is a series of connected activities.
A)True
B)False
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Chapter 6: Allocating Resources to the Project
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46 Verified Questions
46 Flashcards
Source URL: https://quizplus.com/quiz/33656
Sample Questions
Q1) The as late as possible priority rule is considered the standard scheduling rule.
A)True
B)False
Q2) All tasks can be crashed to some extent.
A)True
B)False
Q3) A project that must be completed by a fixed time is referred to as resource constrained.
A)True
B)False
Q4) If resources were not scarce,the resource allocation problem would be concerned solely with profit maximization.
A)True
B)False
Q5) A limitation associated with traditional approaches to project management is that the dependency between resources and tasks is often ignored.
A)True
B)False
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Chapter 7: Monitoring and Controlling the Project
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45 Verified Questions
45 Flashcards
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Sample Questions
Q1) Which of the following is NOT an objective mentioned in the text for data gathered from monitoring?
A) promoting team members
B) keeping management informed
C) auditing
D) learning from mistakes
E) control
Q2) An important use of data analysis is to identify who to properly blame for poor project performance.
A)True
B)False
Q3) The most important use of data gathered from monitoring is control.
A)True
B)False
Q4) Which of the following is NOT a component of a control system?
A) effector
B) sensor
C) decision maker
D) leveler
E) standard
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Chapter 8: Evaluating and Terminating the Project
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45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/33658
Sample Questions
Q1) Project audits are typically very useful in the initiation project state.
A)True
B)False
Q2) Which of the following audits is typically performed by a person or team with special technical skills?
A) the general audit
B) the detailed audit
C) the aggregate audit
D) the quality audit
E) the technical audit
Q3) A data collection form to support a project audit would include data from all the following categories except
A) financial data
B) technical data
C) managerial data
D) risk management data
E) All of the above categories would be included in the data collection form.
Q4) The formal audit is a special type of project evaluation.
A)True
B)False
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