1. Which action would guarantee an improvement in overall project duration?

A.

employ the agile project management approach

B.

reduce the duration time of a task on the critical path

C.

document the project using an Activity-on-Node diagram

D.

convert the project from CPM to PERT project management

E.

add dummy activities to the project to off-set long duration task steps

1. IF on a common dollar basis, US manufacturing output in 2007 was $3,500 billion with 13.8 million employees, and in 2009 it was $3,100 billion with 11.5 million employees, which of the following statements is true:

A.

Productivity cannot be evaluated without knowing employee payroll

B.

Production has decreased but productivity has increased

C.

Production has decreased but productivity is unchanged

D.

This question cannot be answered without knowing the inflation rate

E. Production and productivity have both decreased

1. Sales of Volkswagen's Beetle have grown steadily at an auto dealership during the past five years, as shown in the table below. Of the following forecasting methods, which would likely be the best forecasting approach in terms of forecast accuracy?

Year

Sales (units)

1

455

2

510

3

520

4

563

5

584

A.

Naive

B.

Seasonality

C.

Weighted Moving Average

D.

Exponential Smoothing

E.

Trend-Adjusted Exponential Smoothing

47. Given the following information, and assuming actual demand in NOV was 8 and in DEC was 12, what is true about the following forecast information? FORECAST MONTH ACTUAL A B JAN 10 12 10 FEB 12 10 11 MAR 14 12 11 A. With only three months of available data, forecast error cannot be computed B. With a MSE of 4, Method A is more accurate than Method B C. A two month moving average forecast produced better results than the naive method D. With a MAPE of 29%, Method B is more accurate than Method A E. Method A has a greater MAD; therefore, it is the better forecasting method