Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Question 1. The activities that must be completed prior to the start of an activity in question are called the immediate ________ of the activity in question.
successors
predecessors
successors and predecessors
followers

Question 2. Project management differs from management of more traditional day-to-day activities because:
it has limited time frame.
it has an unlimited budget
it is more expensive
it involves more of the workforce

Question 3. Which of the following could not be a linear programming problem constraint?
1A + 2B ≠ 3

1A + 2B = 3

1A + 2B > 3

1A + 2B < 3

Question 4.The theoretical limit on the number of constraints that can be handled by a linear programming problem is _____.
2
3
4
unlimited

Question 5. Which of the list of items below is not a component of a linear programming problem?
Constraints
Objective function
Decision variables
Nonlinear residual

Question 6. For most graphs, the constraint equations which intersect to form a solution point must be solved simultaneously:
because the solution coordinates from the graph cannot be visually read with high precision.
in order to confirm the mathematically determined coordinates.
in order to determine all of the optimal point solution.
because the slope b and the y-intercept a are not always integers.

Question 7. For the constraints given below, which point is in the feasible region of this minimization problem?

14x + 6y = 42

x + 3y = 6
x = 2; y = 5
x = 1; y = 2
x = 2; y = 1
x = 2; y = 3

Question 8. Binary variables are:
0 or 1 only.
any integer value.
any continuous value.
any negative integer value.

Question 9. In a 0-1 integer programming model, if the constraint x1 - x2 = 0, it means when project 2 is selected, project 1 ________ be selected.
must always
can sometimes
can never
is already

Question 10. For a linear programming problem, assume that a given resource has not been fully used. We can conclude that the shadow price associated with that constraint:
will have a positive value.
will have a negative value.
will have a value of zero.
could have a positive, negative or a value of zero. (no sign restrictions).

Question 11. Thecritical path is the ________ path through the n etwork.
longest
shortest
straightest
most expensive

Question 12. Elements of project planning include:
defining project objectives
identifying activities to crash.
calculating expected times and standard deviations
conducting a "lessons learned" session

Question 13. Mallory Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. If the Mallory Furniture company decides to purchase 150 big shelves and no medium shelves, which of the two resources will be left over?

Investment money only
Storage space only
Investment money and storage space
Neither investment money nor storage space

Question 14. A linear programming model consists of:
decision variables
an objective function
constraints.
all of the above

Question 15. The term refers to testing how a problem solution reacts to changes in one or more of the model parameters.
Priority recognition
Decision analysis
Analysis of variance
Sensitivity analysis

Question 16. If a maximization linear programming problem consists of all less-than-or-equal-to constraints with all positive coefficients and the objective function consists of all positive objective function coefficients, then rounding down the linear programming optimal solution values of the decision variables will ________ result in a(n) ________ solution to the integer linear programming problem.
always; optimal
always; non-optimal
never; non-optimal
sometimes; optimal

Question 17. Decision variables:
measure the objective function
measure how much or how many items to produce, purchase, hire, etc.
always exist for each constraint
measure the values of each constraint

Question 18. Cully Turniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. What is the storage space constraint?

90 B + 100 M = 18000
90 B + 100 M = 18000
100 B + 90 M = 18000
500 B + 300 M = 18000

Question 19. Multiple optimum solutions can occur when the objective function is _______ a constraint line.
unequal to
equal to
linear to
parallel to

Question 20. A PERT/CPM activity has an optimistic time estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days. The expected time (in days) of this activity is ____.
7.0
7.5
8.0
8.5

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92014424
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Business Management

A physical breach has more potential for occur than an

A physical breach has more potential for occur than an electronic breach because people are careless with securing data and equipment. Do you agree?

The decision to globalize operations is very complex and

The decision to globalize operations is very complex and not without risks. Chose a company that has not yet globalized and answer the following: Describe how would you decide if the best option was to expand globally An ...

Make a function first-char that consumes a nonempty string

Make a function first-char that consumes a nonempty string and produces a string consisting of the first character in the original string. Do not use string-ref.

Identify three decision making biases and errors explain

Identify three decision making biases and errors. Explain why each bias or error you identified can have a negative effect on decision making.

Assume you are living in the united states in a mid-size

Assume you are living in the United States in a mid-size city in the State of Texas. You are trying to start up an Energy Drink. Write the results of an environmental scanning (government regulations, trends, opportuniti ...

Prepare a minimum of eight pages ms word document using apa

Prepare a minimum of eight pages, MS Word document using APA 6th Edition guidelines. Again, the paper must include a title page, an introduction, the body, summary and conclusion paragraph(s), and a reference page that p ...

If you were assembling a change team what would be your key

If you were assembling a change team, what would be your key considerations when selecting your team? Why?

Describe the crawl-walk-run cwr metaphor for leader

Describe the Crawl-walk-run (CWR) metaphor for leader development?

Describe the difference between financial accounting and

Describe the difference between financial accounting and managerial accounting. Give examples of the uses of each one.

Jayden johnson a production manager at akc has successfully

Jayden Johnson, a production manager at AKC, has successfully developed a cost-effective nebulizer that has made a lasting contribution to the firm. Which of the following terminal values most likely helped Jayden develo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As