Question 72 Project teams are assigned responsibility for specific objectives. The people on the teams are responsible for:
A. mapping out the objectives in the overall plan. B. looking for opportunities to do tasks in sequence so there is no overlap. C. mapping out the sequence of tasks they will perform to achieve objectives. D. working with the project office personnel regarding overruns to the project.
Question 73 Project teams are assigned responsibility for specific objectives. The team leader is responsible for:
A. overseeing the creation of a detailed plan and budget. B. laying out the sequence of tasks to achieve objectives. C. looking for opportunities to do tasks in sequence so there is no overlap. D. looking for opportunities to hire close friends and family.
Question 74 Project teams are assigned responsibility for specific objectives. The team leader is also responsible for:
A. looking for ways to run activities in parallel. B. establishing goals and performance objectives for another team. C. working with project office personnel to map the sequence of tasks. D. redesigning the technical infrastructure as he or she sees fit.
Question 75 Project teams are assigned responsibility for specific objectives, which fall under the deliverable “detailed plan and budget.” This is part of what system development sequence?
A. Performance target B. Define C. User interface D. Design
Question 76 Which statement is true regarding the budget bottom line at the end of the planning process?
A. It can have an error rate of +/- 10%. B. It should be close, but no one expects it to be too close. C. It should be the final, accurate cost of the project. D. It can be a best guess or best effort.
Question 77 By the end of the deliverable “detailed plan and budget,” __________ of the total project costs have been spent.
A. 5 to 10% B. 10 to 20% C. 20 to 40% D. Nearly 70%
Question 78 What statement is true regarding the Build phase?
A. It is the point at which changes should be made. B. It is the “go for it” phase. C. The costs of false starts are insignificant. D. Having a realistic time frame is not significant until the project gets closer to the end.
Question 79 What statement is true regarding planning and budgeting at the Build phase?
A. There is a great deal of flexibility in regard to schedule changes and cost overruns. B. There is a tendency for people to hide bad news or cost overruns. C. The administrative office is not too involved at this point. D. The plan and budget generally do not become outdated in this phase of the project.
Question 80 What statement is true regarding system test and rollout?
A. Step 1 is to do a system test with all system components in place. B. Step 1 is to go to beta testing. C. Step 1 is to go to pilot testing. D. Step 1 is to develop field documentation.
Question 81 According to your text, what has happened in the world since the invention of online communication?
A. The invention of inventory management and truck identification technology B. The combining of types of technology with people skills C. The evolution of the always-off connection D. Less efficiency in terms of speed
Question 82 Supply chain management is:
A. a domination game. B. an effort to form monopolies. C. a process of coordination between companies. D. a process to exploit trading partners.
Question 83 Power on demand refers to which of the following?
A. The level of visibility in demand B. That multidirectional communication networks are always on C. The functionality of software D. The inability to maintain integration
Question 84 Which of the following best describes global sourcing?
A. The ability of a company to get what it needs from anywhere on the globe B. The exploitation of resources in developing countries C. A process of in-sourcing D. A governmental initiative to help develop third-world countries
Question 85 Which of the following has been identified as technology that has allowed the development of global sourcing?
A. System development processes such as the “system development sequence” B. The emergence of project management C. The use of communication technology D. The use of common currency
Question 86 In terms of global sourcing, which of the following is considered an external risk category?
A. Supply risk B. Process risk C. Mitigation risk D. Control risk Question 87 Internal risks can be categorized by which of the following? A. Control risks B. Environmental risks C. Demand risks D. Upstream flow of information
Question 88 Retail supply chain partners will most likely be impacted by which of the following types of technology in the future?
A. Radio frequency product codes B. Global trade identification numbers C. Voice-activated frequency identification D. Frequency identification bar codes
Question 89 Universal product codes are commonly known as which of the following?
A. Radio frequency identification B. Bar codes C. Voice-activated technology D. Global trade identification numbers
Question 90 Radio frequency identification is best described by which of the following?
A. Small computer chips, which are placed on products B. Capable of transmitting only small volumes of information C. Has a 13-digit electronic numbering system D. Works off voice-activation technology
Question 91 Which statement is true regarding trade exchanges
A. Participants are typically mom-and-pop shops. B. They were designed to be a one-stop shop for small firms. C. They are competitors that promote unfair trade. D. They are competitors that join forces to buy goods together.
Question 92 Which statement best describes a self-adjusting feedback loop?
A. It is also known as “plan, do, check, act.” B. It is a popular quality control philosophy. C. It tracks performance and makes necessary adjustments. D. It was developed by Edward Deming.
Question 93 How does a self-adjusting feedback loop impact the supply chain?
A. Companies begin to collect and share data as a by-product of their interactions. B. It really does not affect the supply chain. C. It is a huge administrative effort. D. It detracts from product development efforts.
Question 94 In relationship to strategy, which of the following are prerequisite conditions to qualify as a “game”?
A. People must be careful not to have a stake in the game. B. People must allow assignment of roles. C. People must understand the rules of the game. D. People must be OK with not being able to see results of their actions.
Question 95 Current supply chain management trends include which of the following?
A. Inventory management and product identification technology B. The “always off” connection C. Tactical thinking in supply chains D. Combining various type of technology without people
Question 96 Which of the following has been identified as technology that has allowed the development of global sourcing?
A. The use of common currency B. The emergence of project management C. International freight companies have developed more sophisticated vessels D. System development processes such as the “system development sequence”
Question 97 Which statement is true regarding total acquisition costs?
A. They should only consider labor costs. B. They should exclude transportation costs as this is a cost of doing business. C. They should exclude known risk factors in different countries. D. When all costs (to include transportation) are considered, outsourcing may not be as attractive as originally thought.
Question 98 Emergent behavior is best described by which of the following?
A. It is a combination of disconnected ideas from around the globe. B. It is governed by one-way feedback. C. It is an old term for domination. D. It begins to self-organize to form a more intelligent higher-level system.
Question 99 Which statement is true regarding Grocery Manufacturers of America?
A. It is just another grocery store chain. B. It is a division of the Federal Food Administration. C. It was developed to monitor quality standards. D. It is one of the largest trade exchanges.
Question 100 Which statement best describes adaptive networks?
A. They use real-time information to control excessive market swings. B. This theory is less powerful than what was created by the steam engine. C. Retailers should be very concerned about their use. D. They stifle collaboration.
