The primary cause of concern in resource allocation is:

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Question 1 of 20 5.0 Points
Allocating specific, limited resources to specific activities is called:
A. resource allocation.
B. resource leveling.
C. resource tracking.
D. expediting a project.

Question 2 of 20 5.0 Points
The primary cause of concern in resource allocation is:
A. labor cost.
B. resource scarcity.
C. lack of solution methodologies.
D. parallel activities.

Question 3 of 20 5.0 Points
A project that cannot go over budget is considered:
A. time constrained.
B. schedule constrained.
C. resource constrained.
D. performance constrained.

Question 4 of 20 5.0 Points
The task duration with standard-practice resource usage is referred to as the:
A. expected task duration.
B. nominal task duration.
C. crash duration.
D. normal task duration.

Question 5 of 20 5.0 Points
A task has a normal duration of 9 days and crash duration of 7 days. Its normal cost is $40 and its crash cost is $100. What is the crash cost per day?
A. $140
B. $70
C. $50
D. $30

Question 6 of 20 5.0 Points
What is an expediting technique in which the design and planning phases of a project are not actually completed before the building phase is started?
A. resource loading
B. fast-tacking
C. crashing
D. critical path

Question 7 of 20 5.0 Points
Resource __________ refers to the amounts of specific resources that are scheduled for use on specific activities or projects at specific times.
A. expediting
B. leveling
C. loading
D. allocation

Question 8 of 20 5.0 Points
Which of the following priority rules makes resources available so that activities start on their LSTs whenever possible without increasing the project’s duration?
A. As soon as possible
B. As late as possible
C. Shortest task duration first
D. Minimum slack first

Question 9 of 20 5.0 Points
Which of the following rules maximizes the number of tasks that can be completed by a system in a given period of time?
A. As soon as possible
B. As late as possible
C. Shortest task duration first
D. Minimum slack first

Question 10 of 20 5.0 Points
Several projects can be linked together with:
A. virtual activities.
B. nominal activities.
C. pseudoactivities.
D. ER links.

Question 11 of 20 5.0 Points
Which of the following is NOT commonly used to help select a priority rule?
A. Schedule slippage
B. Resource utilization
C. In-process inventory
D. Cost overruns

Question 12 of 20 5.0 Points
Which of the following is a measure of the amount by which a project is delayed by application of a leveling rule?
A. Schedule inflation
B. Schedule progression
C. Schedule efficacy
D. Schedule slippage

Question 13 of 20 5.0 Points
According to research, the best overall priority rule is:
A. as soon as possible.
B. as late as possible.
C. shortest task duration first.
D. minimum slack first.

Question 14 of 20 5.0 Points
The practice of assigning project team members to multiple projects is called:
A. concurrent engineering.
B. parallel activities.
C. fast-tracking.
D. multitasking.

Question 15 of 20 5.0 Points
The safety time added to chains other than the critical chain is called the:
A. feeding buffer.
B. project buffer.
C. path buffer.
D. critical buffer.

Question 16 of 20 5.0 Points
In traditional Critical Path Method, a second estimate, referred to as the __________ duration, is made based on the resources required to expedite the task.
A. normal task
B. assumed
C. crash
D. approximated

Question 17 of 20 5.0 Points
When task durations are estimated, an assumption is made that task resources are set at __________ levels.
A. standard
B. normal
C. manageable
D. low

Question 18 of 20 5.0 Points
Used primarily in the construction industry, the term __________ refers to a technique in which the design and planning phases of a project are not actually completed before the building phase is started.
A. “fast-tracked”
B. “expediting”
C. “crash”
D. “resource loading”

Question 19 of 20 5.0 Points
Goldratt’s Theory of Constraints focuses on:
A. uncertainty
B. constrained resources
C. tight project schedules
D. managing conflicting priorities

Question 20 of 20 5.0 Points
With the __________ priority rule, tasks are supplied with resources in inverse order of their slacks. This rule usually minimizes the number of late activities.
A. most successors
B. most resources first
C. as late as possible
D. minimum slack first

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July 1, 2023

41) The above figure shows the production possibility frontier for an economy. The point or points that are attainable and production efficient are

A) points B and C.

B) points A, B, and C.

C) point E.

D) points A, B, C, and D.

E) points A and D.

42) The above figure shows the production possibility frontier for an economy. The point or points that are attainable are

A) points B and C.

B) points A, B, and C.

C) point E.

D) points A, B, C, and D.

E) points A and D.

43) The above figure shows the production possibility frontier for an economy. The point or points that are NOT attainable are

A) points B and C.

B) points A, B, and C.

C) point E.

D) points A, B, C, and D.

E) points A and D.

44) In order for Ireland to grow more potatoes, wool production must decrease. This situation is an example of

A) producing at a point that lies beyond the PPF.

B) zero opportunity cost.

C) opportunity benefit.

D) a free lunch.

E) a tradeoff.

45) As we move along the production possibilities frontier,

A) the production of one good increases as the production of the other good decreases.

B) the possibilities of tradeoffs diminish.

C) a tradeoff is not possible because nations need all goods.

D) more of both goods can be produced.

E) less of both goods can be produced.

46) Which of the following statements is correct?

A) If capital is idle, the economy is producing at its full potential.

B) The production possibilities frontier shows that there are no limits to production.

C) A tradeoff is a limit that forces an exchange or a substitution of one thing for something else.

D) Any point on or within the PPF is production efficient.

E) None of the above answers is correct.

47) When a nation is producing on its production possibilities frontier, if more resources are used to produce one good, then the production of other goods

A) must increase.

B) must decrease.

C) must remain the same.

D) must change, but they might increase or decrease.

E) might increase if the nation can produce more efficiently.

48) The negative slope of the production possibilities frontier represents the idea

A) that free lunches are possible.

B) of tradeoffs, that in order to produce more of one good, the nation must produce less of another.

C) of unemployment.

D) of inefficient production.

E) that prices rise as less is produced.

49) A movement from one point on a production possibilities frontier to another represents

A) a tradeoff.

B) a free lunch.

C) full employment of labor but not capital.

D) unemployment.

E) an advance in technology.

50) The saying "There's no such thing as a free lunch," applies

A) when there is some unemployment.

B) on the production possibilities frontier.

C) to unattainable combinations of goods and services.

D) when more of one good can be produced without decreasing production of another.

E) at all points inside the PPF.

July 1, 2023

31) Steve, an HR supervisor at APEX construction, has recently noticed a shortage of skilled workers due to a building boom in the area. He must find new workers quickly because it is uncertain how long the boom will last. He decides to hire nontraditional laborers. The most likely disadvantage of using nontraditional laborers is the:

A) high costs of making reasonable accommodations.

B) additional training that will be necessary.

C) extensive involvement of the EEOC.

D) high advertising costs.

32) Which of the following is primarily associated with hiring external candidates?

A) Lowers training costs

B) Provides new ideas and perspectives

C) Decreases recruitment time and expense

D) Motivates other workers to strive for advancement

33) One of the advantages of promoting internal candidates is:

A) rejuvenating work units.

B) reducing training costs.

C) fostering innovative ideas.

D) reducing employee turnover.

34) Tatiana needs to hire a line manager and has a very small recruiting budget. The firm's current employees don't feel they have many advancement opportunities. It would be best for Tatiana to recruit:

A) internally.

B) externally.

C) former military members.

D) nontraditional workers.

35) Which of the following is most likely a true statement about recruiting?

A) Internal recruiting enhances organizational communication.

B) External recruiting fills positions quickly and inexpensively.

C) External recruiting promotes innovation and new perspectives.

D) Internal recruiting requires developing new organizational policies.

36) Which of the following is most likely a true statement about recruiting employees in a protected class?

A) The recruiting message should be targeted to specific minority groups.

B) All private sector firms are legally required to have an affirmative action policy.

C) Using media that focuses on minorities is an effective way to recruit protected group members.

D) Intense minority competition for jobs ensures a large pool of qualified and motivated applicants.

37) Which of the following must have written affirmative action plans?

A) Non-profit groups

B) Government contractors

C) Privately-held corporations

D) Publicly-held corporations

38) In human resource planning the answer to the question, "How many candidates should we recruit?":

A) is based on the firm's affirmative action plan.

B) comes from the yield ratio calculated in the forecast.

C) is directed by EEO consideration and the size of the labor pool.

D) depends on the state of the labor pool and the current economy.

39) The offer-to-acceptance ratio at Central Manufacturing is 6:1. How many offers will the firm need to make in order to fill 80 positions?

A) 120

B) 240

C) 480

D) 540

40) After an extensive recruiting effort, your company has contacted 225 interested individuals. At the application deadline, you have received 75 applications. What is your contact-to-applicant ratio?