Question2:Which one of the following is a basic time series assumption?

	R-square is large
	Past patterns will continue unchanged into the future.
	Data does not exhibit a trend
	Random error terms are normally distributed

Question3:Which one of the following is a standard resource management application?

	Investment portfolios
	Yield management
	All of the others
	Petroleum refining

Question4:Which one of the following is a project management key to success?

	Heavy emphasis on coordiation
	Undertime
	All of the others
	Contract change notices

Question5:Which would be considered a constant task time distribution in PM?

	2, 3, 4
	12, 12, 12
	6, 8, 10
	None of the others

Question6:How is an activity defined in a project management application?

	None of the others
	Average work effort that a project manager can control
	Smallest work effort that a project manager can control
	Largest work effort that a project manager can control

Question7:Which one of the following best decribes a project that is in control?

	Earliest start times
	Feasibility region
	Constrain frontier
	Time cost dimension

Question8:Which graphic is used to show a plot of X versis Y?

	Bar chart
	Scattter diagram
	Pie chart
	Histogram

Question9:Which one of the following type of constraints is associated with surplus in an LP model?

	None of the others
	>=
	<=
	=

Question10:How many time estimates are used in a PERT multi-time activity application?

	3
	2
	1
	4

Question11:Which one of the following is the unknown in the multiple regression model?

	Relationship between X and Y
	Values of the dependent variables
	Values of the independent variables
	None of the others

Question12:What is the forecasted demand using the exponential smoothing model given an actual demand of 103, a previous forecast value of 99, and an alpha of .4?

	103
	102.4
	100.6
	100.2

Question13:Which special LP condition involves no limits on one or more of the decision variables?

	Integer solution
	Inconsistent solution
	Unbounded solution
	Multiple optimal solution

Question14:Which technique is used for analyzing problems containing risk probabilities?

	NPV
	Critical path analysis
	Decision trees
	Break-even analysis

Question15:Which one of the following statements regarding PM is NOT true?

	All of the others
	Cost overruns are rare
	Most projects contain only a few tasks
	Most projects involve no uncertainty

Question16:What is another expression for R-squared?

	COD
	Correlation coefficient
	Slope
	Intercept

Question17:Which one of the following special LP conditions does NOT reguire reformulation to obtain a solution?

	Infeasible solution
	Unbounded solution
	None of the others
	Multiple optimal solutions

Question18:What decision should be made when the computed t statistic is greater than the critical t statistic regarding a predictor regression variable?

	Increase the sample size
	Do not reject the hypothesis of no relationship
	Decrease the sample size
	Reject the hypothesis of no relationship

Question19:Which one is the unknown in a linear programming model?

	Values of the decision variables
	Left-hand-side values
	Objective function
	Types of constraints

Question20:Which one of the following is a reason that projects fail?

	Lack of proper documentation
	All of the others
	Premature commitment to a fixed budget and schedule
	Failure to obtain executive support

Question21:Which decision support system determines the allocation of resources among a large number of options?

	Linear Programming
	Multi Factor Analysis
	Value Analysis
	None of the others

Question22:How is slack defined in project management?

	LST-LFT
	EST+LST
	EST-LST
	LST-EST

Question23:Which one of the following best characterizes a high customization and low volume operation?

	Hotel chain
	Airlines
	Family doctor
	Power generation

Question24:What is the value for Y given the regression equation: Y = 20 - 3X1 + 5X2 +4X3 for X1=6, X2=2, X3 =3

	34
	14
	28
	None of the others

Question25:Which distribution best describes the critical time for a multiple task times PM network analysis?

	Normal
	Random
	Uniform
	Constant

Question26:Which PM application is used when there is task time uncertainty?

	Time/Cost analysis
	Multiple Time Estimates
	Crashing
	None of the others

Question27:Which one is a characteristic of a LP decision variable?

	Must exist for each constraint
	None of the others
	Represents the value of the constants
	Must exceed the number of constraints

Question28:Which type of constraint is associated with the transportation model?

	<>
	=>
	=
	<=

Question29:Which one of the following is an example of a judgmental forecasting method?

	Time series smoothing
	Moving average
	None of the others
	Linear regression

Question30:Which one of the following involves the assignment of adjustment factors to data?

	Crashing
	Normalizing
	Weighting
	Sampling