Hgmt5120 - 6

Front 1

Delphi method:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

Back 1

f) surveys of expert opinion where experts review each other's ideas.

Front 2

For forecasting technological change, ________ forcasting techniques are most useful

Back 2

qualitative

Front 3

Pert is:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step inMS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation

Back 3

b) a major network analysis technique

Front 4

True or False
Simulation models are specifically designed to be used for problems that are simple in nature

Back 4

False

Front 5

The main function of PERT and CPM is to:
a) develop an optimum cost efficiency schedule
b) determine and control the time required to complete a project
c) save time through the initial scheduling of tasks
d) provide a graphic relationship of task relationships

Back 5

b) determine and control the time required to complete a project

Front 6

In MS, the decision-making process usually relies on

Back 6

mathematical models

Front 7

Critical Path:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

Back 7

a) the longest route through the network in terms of time

Front 8

Replacement problems are best solved with the help of __________ models

Back 8

linear

Front 9

Select the best response
The value of the mathematical model in the management science approach is its ability to:
a) isolate the central parts of the problem
b) separate controllable and uncontrollable variables
c) project past or present trends onto the future
d) symbolically incorporate the elements of the problem

Back 9

d) symbolically incorporate the elements of the problem

Front 10

PERT and CPM are 2 examples of ________________

Back 10

network analysis techniques

Front 11

Select the best response:
Qualitative forecasting methods are use to forcast technological change because:
a) the consequences of technological change can not be predicted by mathematical methods
b) it can be assumed that the pattern of a past technological change will continue into the future
c) qualitative methods are becoming just as reliable as quantitative methods
d) qualitative techniques are generally free of bias

Back 11

a) the consequences of technological change can not be predicted by mathematical methods

Front 12

True or False
The cost of an action suggested by MS should be justified by increased savings or revenues

Back 12

True

Front 13

Decision trees:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step inMS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation

Back 13

g) portray sequential decisions

Front 14

Management science techniques were originally developed to deal with ___________________________________________________________

Back 14

strategic and tactical problems during ww2

Front 15

Select every item which you believe to be a criterion for selecting a forecasting method:
a)systems orientation
b) cost
c) routing problems
d) analysis of the model
e) preparation for initial difficulties

Back 15

b) cost

Front 16

True or False
the normative model developed in MS portrays things as they are

Back 16

False

Front 17

In the development of a network, the critical path is the:
a) task chain with the shortest time allocation
b) sum of all the task chains in sequence
c) "expected" time estimate based on probability analysis
d) longest route through the network in terms of time

Back 17

d) longest route through the network in terms of time

Front 18

True or False
A manager's advice must be obtained at carefully chosen points in the MS process

Back 18

True

Front 19

A milestone:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

Back 19

c) indicates a selected completion date for an event on a bar chart

Front 20

True or False
The most important use of forecasts is as premises for planning

Back 20

True

Front 21

Linear programming models:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step inMS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation

Back 21

e) allocate limited resources to achieve a desired end

Front 22

True or False
The critical pathe is the shortest route through a network.

Back 22

False

Front 23

select the item(s) in the following list that is an element of the most beneficial MS programs:
a) manager participation
b) diagnosis of the problem
c) team approach
d) rapid data collection
e) accurate record keeping

Back 23

a) manager participation
d) rapid data collection
e) accurate record keeping

Front 24

True or False
The decision making process invoved in MS relies on logic

Back 24

False
it relies on mathematics

Front 25

Implementaton of findings:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step in MS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation

Back 25

c) step inMS approach to problem solving

Front 26

The first step in management science project is __________________________

Back 26

diagnosis of a problem

Front 27

Receptive individual
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

Back 27

b) reaches conclusions by examining evidence carefully and objectively

Front 28

Sequencing problems are best solved with the help of _____
models

Back 28

simulation

Front 29

Scenario construction:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

Back 29

d) builds a logical, hypothetical description of events

Front 30

True or False
The term management science (MS) and operations research (OR) are, in general used interchangeably in the US.

Back 30

True

Front 31

True or False
receptive individuals are not swayed by preconceptions; they reach conclusions by examining evidence carefully and objectively

Back 31

True

Front 32

Important dates along the course of a project are called_______

Back 32

milestones

Front 33

A technique in which informed groups focus on a problem and generate ideas quickly is called

Back 33

Delphi technique

Front 34

Select those items that are a characteristic of management Science:
a) model building
b) game theory
c) economic effectiveness
d) reliance on a computer
e) inventory problems

Back 34

c) economic effectiveness
d) reliance on a computer

Front 35

Gantt charts are useful for planning and controlling a series of __________

Back 35

unrelated problems

Front 36

True or False
The most recent approach to project management was developed by Gantt

Back 36

False