A. To overcome the limitations associated with statistical techniques used to develop probability of completion time estimates

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uestion 1 of 20 5.0 Points
What is a milestone?
A. A significant event in the project
B. A mark on a chart that depicts project progress
C. An activity on the critical path
D. An activity with an uncertain completion time
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Question 2 of 20 5.0 Points
What is project slack?
A. The amount of time a non-critical task can be delayed without making the project late
B. The amount of time the critical path of a project can be delayed without making the project late
C. The amount of time an activity on the critical path can be delayed without making the project late
D. The difference between how long the project would take if all tasks were completed based on their pessimistic versus optimistic time estimates
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Question 3 of 20 5.0 Points
For which purpose is simulation NOT used with regard to project scheduling?
A. To overcome the limitations associated with statistical techniques used to develop probability of completion time estimates
B. To investigate the range of project completion times
C. To investigate the distribution of project completion times
D. To verify the accuracy of the optimistic, pessimistic, and most likely time estimates
Question 4 of 20 5.0 Points
Technical dependencies on a project plan are easiest to see on a:
A. Gantt chart.
B. GERT chart.
C. PERT/CPM chart.
D. Work Breakdown Structure.
Question 5 of 20 5.0 Points
PERT was originally used for what type of project?
A. Construction
B. R & D
C. Military
D. Computer software development
Question 6 of 20 5.0 Points
Which of the following is NOT an element of the Gantt chart?
A. Actual progress
B. Variance of the critical path
C. The current date
D. Scheduled milestones
Question 7 of 20 5.0 Points
Which of the following is typically used as the best estimate of task duration?
A. Expected time
B. Pessimistic time
C. Optimistic time
D. Most likely time
Question 8 of 20 5.0 Points
Which of the following terms is most closely associated with a task required by the project?
A. Activity
B. Event
C. Milestone
D. Network
Question 9 of 20 5.0 Points
What is the expected time to complete a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days, respectively?
A. 3
B. 4
C. 4.3
D. 4.7
Question 10 of 20 5.0 Points
What is the standard deviation of a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days, respectively, assuming the estimates were made at the 99% plus level?
A. .444
B. .667
C. 1.212
D. 1.469
Question 11 of 20 5.0 Points
The amount of time a noncritical task can be delayed without delaying the project is called:
A. surplus.
B. flop.
C. slack.
D. critical time.
Question 12 of 20 5.0 Points
Slack is calculated as:
A. LFT – EST.
B. LFT – LST.
C. LST – LFT.
D. LFT – EFT.
Question 13 of 20 5.0 Points
Which of the following linkages is used to start two or more activities at the same time?
A. Finish-to-start
B. Start-to-start
C. Finish-to-finish
D. Start-to-finish
Question 14 of 20 5.0 Points
One shortcoming of the __________ network method is that it does not allow for leads and lags between two activities without greatly increasing the number of subactivities to account for this.
A. Gantt Chart
B. AON
C. MSP
D. PERT/CPM
Question 15 of 20 5.0 Points
An identifiable state resulting from the completion of one or more activities is called:
A. an event.
B. an activity.
C. a milestone.
D. a path.
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Question 16 of 20 5.0 Points
The major advantage of the Gantt chart is that it:
A. addresses all activities.
B. is easy to read.
C. highlights critical task of the project.
D. manages project scheduling.
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Question 17 of 20 5.0 Points
A(n) __________ is an identifiable state resulting from the completion of one or more activities.
A. path
B. milestone
C. critical path
D. event
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Question 18 of 20 5.0 Points
For any task on a critical path, its __________ must be the same as its __________.
A. LST; LFT
B. LFT; EFT
C. LST; EST
D. EST; EFT
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Question 19 of 20 5.0 Points
The amount of time a noncritical task can be delayed without delaying the project is called:
A. margin.
B. completion variance.
C. float.
D. variable duration.
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Question 20 of 20 5.0 Points
The square root of the variance of statistical distribution equals the __________ of that distribution.
A. standard deviation
B. normal probability
C. variance of the path
D. cumulative probability
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Construct a pro forma income statement for the first year and second year for the following assumptions: Units of Sales in Year 1: 110,000

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1. Construct a pro forma income statement for the first year and second year for the following assumptions:

Units of Sales in Year 1: 110,000

Price per Unit: $11

Variable cost per unit: 30%

Fixed Costs: $125,000

Income taxes: 15%

Interest Expense: $200,000

In year 2, Price per unit increases to $11.50, and unit of sales increases by 5%, all other assumptions remain the same.

2. Calculate a table of interest rates for 5 years based on the following information:

The pure interest rate is 2%

Inflation expectations for year 1 = 3%, year 2 =4%, years 3-5 =5%

The default risk is .1% for year one and increases by .1% over each year

Liquidity premium is 0 for year 1 and increases by .2% each year

Maturity risk premium is 0 for years 1 and 2 and .3% for years 3-5

3. Calculate the sustainable growth based on the following information:

* earning after taxes = $35,000
* equity = $100,000
* d=22.4%

4. Future value of single sum problem

You put $2,000 in an investment account today which will earn 8% over the next 14 years, what is the future value?

5. Future value of annuity problem

You deposit $10,000 into a retirement account at the end of the next 10 years earning 9% interest, what is the future value of your retirement after 10 years?

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1.In the research plan, the marketing researcher must define and delimit the problem that will be researched. Which of the following statements describes the type of information that should be included in this section?

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1.In the research plan, the marketing researcher must define and delimit the problem that will be researched. Which of the following statements describes the type of information that should be included in this section?

A justification of the marketing research is unprofessional in this section or anywhere in the research plan.

The scope, that is, the limits of the research effort, should be described in this section.

This section should explain in detail the type of marketing information that will be gathered.

All of the above statements accurately define this section.

2. For the marketing manager, social class offers some insights into consumer behavior and is potentially useful as a:

market research information.
market segmentation variable.
source of understanding competition’s strategy.
source to predict future trends.

3.__________ is the type of organizational purchase associated with just-in-time inventory.

Modified rebuy
Just-in-time purchase
Straight task buy
Straight rebuy

4.Products are generally classed according to two basic criteria. What are they?

New products and old products
Small products and new products
End use and degree of processing
Value pricing and quality discounts

5.An integrated approach to marketing communications:

focuses on mass marketing and customer acquisition.
is most interested in making transactions.
strives to create brand messages with strategic consistency.
uses a stable of promotional agencies.

6.Personal selling is an integral part of the __________ system.

marketing
financing
advertising
test market

7.Prestige pricing, odd pricing and __________ pricing are three types of psychological pricing strategy.

organizational
strategic
bundle
assured

8.Over the course of the past 40 years, the fastest growing segment of the American economy has been the:

management of major accounts.
production of tangible products.
performance of services.
production of consumer electronics

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Question 1 of 20 5.0 Points Which of the following is NOT an objective mentioned in the text for data gathered from monitoring?

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Question 1 of 20 5.0 Points
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
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Question 2 of 20 5.0 Points
The plan-monitor-control cycle is best described as:

A. an open loop process.

B. a closed-loop process.

C. an ad-hoc process.

D. an informal process.
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Question 3 of 20 5.0 Points
Which of the following is used when it is especially difficult to find a direct measure of a variable?

A. Frequency count

B. Raw numbers

C. Surrogates

D. Subjective numeric ratings
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Question 4 of 20 5.0 Points
Which of the following is most closely associated with ordinal rankings?

A. Frequency counts

B. Raw numbers

C. Indicators

D. Subjective numeric rankings
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Question 5 of 20 5.0 Points
Which of the following is NOT a distinct type of report?

A. Exception

B. Special analysis

C. Critical incident

D. Routine
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Question 6 of 20 5.0 Points
Which of the following was NOT listed in the text as a convention for estimating task progress?

A. 50% when task is started and another 50% when it is completed

B. 100% when task is completed and 50% before that

C. Using the ratio of cost expended to total cost budgeted

D. Using the ratio of time expended to the total time scheduled
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Question 7 of 20 5.0 Points
The cost/spending variance is calculated as:

A. AC – EV.

B. EV – PV.

C. PV – EV.

D. EV – AC.
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Question 8 of 20 5.0 Points
Estimated (remaining cost) to completion (ETC) is calculated as:

A. (BAC – EV)/CPI.

B. (BAC – EV)/SPI.

C. (BAC + EV)/CPI.

D. (BAC + EV)/SPI.
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Question 9 of 20 5.0 Points
In earned value analysis:

A. it is desirable to have negative variances for both schedule and spending.

B. it is desirable to have positive variances for both schedule and spending.

C. the schedule variance should be positive and the spending variance negative.

D. the schedule variance should be negative and the spending variance positive.
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Question 10 of 20 5.0 Points
Which of the following is NOT a primary mechanism by which the project manager exerts control?

A. Reviews

B. Personnel assignments

C. Audit reports

D. Resource allocation
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Question 11 of 20 5.0 Points
Which of the following is NOT a component of a control system?

A. Effector

B. Sensor

C. Decision maker

D. Leveler
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Question 12 of 20 5.0 Points
Which of the following is NOT a tool used to aid the project manager in project control?

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