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- General guidelines for making decisions or taking action in response to a particular event are known as? a. procedures b. regulation c. policies d. none of the above In organizations, effective planning typically involves: Select one: a. determining or revising the organization's mission and goals b. formulating strategy c. implementing strategy d. all of the above22. Which of the following factors will affect decision making? A. The time available to make the decision. B. The effort that a given strategy will involve.C. The decision maker’s knowledge about the environment.D. The importance of making an accurate decision.In an IMS, an advantage is Select one: a. External audits should be performed only. b. Internal audits should be performed only. c. Identifies objectives and priorities to be met.
- 27) A company’s corporate office has to decide between investing capital in a given business as it in a high growth industry or divesting that business given its current low market share. The company business is represented by which of the following? a) A star b) A question mark c) A cash cow d A dogThe senior management team at ABC Corp. are assessing where a recent project went wrong. There were issues at all areas of management but the item that most strongly suggests that there may have been planning failures is ________. Question 14 options: A) the controlling issues the project experienced were commonly experienced by other project leaders in this industry B) suppliers of components for the project had to produce at maximum capacity which turned out to be impossible C) even if planning had been effective, the project would have failed due to management style D) there was a failure to monitor production output E) two employees who were assigned to the project couldn't stand each otherMultiple choice: 6. Scope change control MUST be integrated with all of the following control processes EXCEPT ( ).A. ScheduleB. CostC. ProcurementD. Quality7. In the PDCA cycle of quality management, the function of "D" is ( ).A. transforms quality target values into actual values through input-output activitiesB. take corrective actions to correct the problems or failures in quality inspectionC. determine quality objectives and develop action plans to achieve quality objectivesD. examines the implementation and results of the plan8. As the project enters the execution phase, the project manager learns that the team members are workingovertime doing unanticipated work without a change in scope. What is the most likely reason for thissituation? ( )A. Unclear communications management planB. Insufficient work breakdown structureC. Incorrect estimation in activity durationD. Poor resource planning9. Large and medium-sized engineering projects are composed of several ( ) .A. single…
- 33 The business function is defined as "planning, organization, execution, coordination and control activities in order to bring together the materials, machinery and human resources in the hands of the enterprise in a way that will ensure that a certain amount of goods or services are produced at the desired quality, at the desired time and at the lowest possible cost". which one? a) Production B) Financing NS) Human Resources D) Marketing TO) management7. a key tool used by all decision makers a. generate results b. purpose c. a model d. assumptions and limitationsNissan car company extending the due date for delivery is an example of ________. a. None of the given options b. Operational decision c. Major decision d. Strategic decision
- 26 - Which of the following is false regarding the methods used in the business valuation process? a) Analytical job valuation methods are scoring and factor comparison. B) There is no exact way to determine the contribution of each job in the enterprise to the efficiency of the enterprise. NS) The least used valuation method is scoring. D) Non-analytical methods are sorting and classification methods. TO) It is divided into analytical and non-analytical methods.#6) A group of medical professionals is considering constructing a private clinic. If a patient demand for the clinic is high, the physicians could realize a net profit of $120,000. If the demand is low, they could lose $55,000. Of course, they do not have to proceed at all, in which case there is no cost. In the absence of any market data, the best the physicians can guess is that there is a 50-50 chance the demand would be high. a) Create a decision tree. b) What should the medical professionals do? What is the payoff? c) The physicians have been approached by a market research firm that offers to perform a study of the market at a fee of $5,000. The market researchers claim that their experience enables them to use Bayes’ theorem to make the following statements of probability: -probability of high demand given a positive survey result = 0.82 -probability of low demand given a positive survey result = 0.18 -probability of high demand given a negative survey result = 0.11…10.a. In a shop that participates in a formalized preventative maintenance program, the _______ isresponsible for adjusting the PM schedule when a component fails more frequently than its currentinspection interval.A. maintenance engineerB. program administratorC. shop general foremanD. shop supervisor10.b. Which one of the following isn’t a goal of a PM program?A. Limit downtimeB. Save a company money on maintenance so that the cost of its products stays competitiveC. Keep a machine running within its specificationsD. Use fewer repair parts and less time to install those parts10.c. Which of the following tasks is an uptime PM task that can be performed while the machine is runningduring production?A. Checking the motor starter contacts for burned and pitted areasB. Checking for excess noise or vibration on the machineC. Checking the condition of the couplingD. Tightening electrical connections