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##### Multiple Choice Project Mgmt Questions

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Question;1. The following table defines a project.;Activity;Immediate Predecessors;Activity Time;A;-;5 days;B;A;9 days;C;A;8 days;D;B;6 days;E;B, C;4 days;F;E;4 days;G;D, F;3 days;The minimum time required to complete the project is;A)23 days;B)24 days;C)25 days;D)39 days;E) none of the above;2. Use the network given in the Word file in the Final;Examination Session under Course Content. The early start time (ES) for job G;is;A) 13;B) 16;C) 21;D) 25;E) 38;3. Use the network given in the Word file in the Final;Examination Session under Course Content. The late finish time (LF) for job C;is;A) 7;B) 14;C) 16;D)21;E) 22;4. Use the network given in the Word file in the Final;Examination Session under Course Content. The critical path is given by;A) A? B? E? H;B) A? B? F? H;C) A? B? F? G? H;D) A? C? F? H;E) A? C? F? G? H;5. Use the network given in the Word file in the Final;Examination Session under Course Content.;The minimum time required to complete the project is;A)23 days;B)25 days;C)29 days;D)31 days;E) none of the above;6. Use the network given in the Word file in the Final;Examination Session under Course Content. The slack at activity D is;A) 0;B) 5;C) 8;D) 13;E) None of the above;7. One part of a PERT project, installing equipment, will;most likely be completed in 6 days. However, if there are no worker absences;the equipment can be installed in 3 days. If a members the work force happens;to catch Bubonic Flu, this year?s disease, the installation will take 15 days.;What is the expected time (te) for the equipment installation?;A) 3 days;B) 6 days;C) 7 days;D) 8 days;E) 15 days;8. A firm desires to control inventory levels so as to;minimize the sum of holding and order costs. It costs the firm $50 to place an;order. The firm estimates its inventory carrying costs at $2/unit/year. Weekly;demand is 100 units, and there are 50 weeks in the work year. The item costs;$10 per unit. The lead-time for the product is 3 weeks. Assume that there are 5;working days per week.;What quantity of items should the firm order each time so as;to minimize total inventory costs, i.e., what is the EOQ?;A) 100;B) 224;C) 500;D) 1000;E) none of the above;9. Using the data of Question 8: If 400 units are ordered;each time (i.e., EOQ = 400), then what will be thetotal annual holding cost?;A) $100;B) $200;C) $400;D) $800;E) $4000;10. Using the data of Question 8: If 200 units are ordered;each time,how many orders will be placed in a year?;A) 2;B) 5;C) 10;D) 20;E) 25;11. Using the data of Question 8: If 200 units are ordered;each time, then thetime between orders (in working days) is;A) 2;B) 5;C) 10;D) 20;E) 25;12. Using the data of Question 8: If 1000 are ordered each;time, then what will be thetotal annual order cost?;A) $50;B) $100;C) $200;D) $250;E) $300;13. Use the data of Question 8 and assume no safety stock or;service level requirement. In order not to run out of stock before the receipt;of a new order, at what inventory level should the firm place an order? That;is, what is the reorder point equal to?;A) 50;B) 160;C) 200;D) 300;E) 400;14. Given that unit cost = $25, annual carrying charge =;10%, annual demand = 7500 units and ordering cost = $15 per order. Assume that;there are 50 weeks in the work year and 5 working days per week. The lead-time;for the product is2weeks. The EOQ is;A) 150 units;B) 212.13 units;C) 300 units;D) 500 units;E)none of the above;15. Lincoln Machine Tool Company maintains an inventory pool;consisting of 10 items. Each of these items has a unique demand pattern and may;require a different kind of inventory management system. The annual demand;pattern and the unit cost of these items are given in the following table.;Classify the items in A, B, and C categories according to annual dollar usage.;Annual Usage;Unit Cost;Item Type;in thousands;in Dollars;Item 1;10;$2.50;Item 2;30;$1.25;Item 3;20;$16.00;Item 4;10;$0.75;Item 5;20;$3.00;Item 6;33;$2.50;Item 7;60;$14.25;Item 8;22;$10.00;Item 9;100;$2.75;Item 10;500;$4.25;Using the above data,Item 7 will be classified as;A) A item;B) B item;C) C item;D) None of the above;16. Using the data of Question 15,Item 6 will be classified;as;A) A item;B) B item;C) C item;D) None of the above;17. Using the data of Question 15,Item 8 will be classified;as;A) A item;B) B item;C) C item;D) None of the above;18. One end itemA requires three component parts:B,C, andD.;The bill of material indicates that for each completedA, 3 units ofB, 2 units;ofC, and 1 unit ofD are required. Current inventory for the four items is as;follows: There are 18As, 40Bs, 50Cs and 35Ds in stock. If the lead time for all;items is one week and there are no scheduled receipts for any item, how many;units of productA can be delivered to customers at the start of next week (week;2)?;A) 35;B) 31;C)25;D) 13;E) None of the above;Product D has gross requirements, on-hand inventory, and;scheduled receipts as indicated in the time-phased inventory status record;below. Its lead time is 3 weeks.;Item D;1;2;3;4;5;6;Gross Requirements;100;300;100;300;200;50;On Hand/ Scheduled Receipts;700;600;300;200;0;0;Net Requirements;0;0;0;?;200;50;Planned Order Releases;100;?;50;19. The value of entryA is;A) 100;B) 200;C) 300;D) 700;E) None of the above.;20. The value of entryB is;A) 50;B) 200;C) 250;D) 300;E) None of the above;21. Use the BOM given in the Word file in the Final;Examination Session under Course Content. If the master schedule calls for the;production of 50 units ofA, how many units ofE are needed?;A) 50;B) 100;C) 200;D) 400;E) None of the above;22. Use the BOM given in the Word file in the Final;Examination Session under Course Content. If the MPS calls for the production;of 50 units of itemA, how many units of itemD are needed?;A) 100;B) 150;C) 300;D) 400;E) None of the above;23. Use the BOM given in the Word file in the Final;Examination Session under Course Content Now assume that 50 units of item Aare;called for by the MPS. On-hand inventory consists of 20 units each of itemsA,B;D andE. What is the net requirement for itemD?;A) 40;B) 100;C) 120;D) 140;E) 160;24. The master production schedule for two products, A and;B, is shown below. To manufacture item A, four (4) units of component C are;required. To manufacture item B, three (3) units of component C are required. Using;this information, determine the gross requirements for component C to start;week 1.;Master Production Schedule: Wk 1;Product A;30;Product B;25;A) 195;B) 220;C) 155;D) 190;E) None of the above

Paper#52715 | Written in 18-Jul-2015

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