1) If a firm produced 5000 units of product last month using $15000 of energy, $35000 of labor, and had a demand of 1000 units then its multifactor productivity measure for energy and labor would be
10.00
0.333
50.00
0.100
2) A travel agency processed 240 customers on Day 1 with a staff of 12, and 360 customers the on Day 2 with a staff of 15. What can be said about the productivity shift from Day 1 to Day 2?
An increase in productivity from Day 1 to Day 2
A decrease in productivity from Day 1 to Day 2
The same productivity from Day 1 to Day 2
Cannot be computed from data above
None of the above
3) When looking at the Time-Cost Trade Offs in the Minimum-Cost Scheduling time-cost model, we seek to reduce the total time of a project by doing what to the least-cost activity choices?
Crashing them
Adding slack time
Subtracting slack time
Adding project time
None of the above
4) How much “slack time” is permitted in the “critical path” activity times?
Only one unit of time per activity
No slack time is permitted
As much as the maximum activity time in the network
As much as is necessary to add up to the total time of the project
None of the above
5) Which of the following are one of the three organizational structures of projects?
Pure
Functional
Matrix
All of the above
None of the above
6) The objective of Strategic Capacity Planning is to provide an approach for determining the overall capacity level of which of the following?
Facilities
Equipment
Labor force size
All of the above
None of the above
7) To improve the Capacity Utilization Rate we can do which of the following?
Reduce “capacity used”
Increase “capacity used”
Increase “best operating level”
All of the above
None of the above
8) When we talk about Capacity Flexibility which of the following types of flexibility are included?
Plants
Processes
Workers
All of the above
None of the above
9) When adding capacity to existing operations which of the following are considerations that should be included in the planning effort?
Maintaining system balance
Frequency of additions
External sources
All of the above
None of the above
10) Which of the following is a term used to describe the difference between projected capacity requirements and the actual capacity requirements?
Capacity cushion
Capacity utilization
Capacity utilization rate
All of the above
None of the above
11) In a Decision Tree problem used to evaluate capacity alternatives we need which of the following as prerequisite information?
Expect values of payoffs
Payoff values
A tree
All of the above
None of the above