**SAINT MBA550/ MBA550 FINAL EXAM 2016**

Question

Question 1.1.The activities that must be completed prior to the start of an activity in question are called the immediate ________ of the activity in question. (Points : 5)

successors

predecessors

successors and predecessors

followers

Question 2.2.Project management differs from management of more traditional day-to-day activities because: (Points : 5)

it has limited time frame.

it has an unlimited budget

it is more expensive

it involves more of the workforce

Question 3.3.Which of the following could not be a linear programming problem constraint? (Points : 5)

1A + 2B ≠ 3

1A + 2B = 3

1A + 2B > 3

1A + 2B < 3

Question 4.4.The theoretical limit on the number of constraints that can be handled by a linear programming problem is _____. (Points : 5)

2

3

4

unlimited

Question 5.5.Which of the list of items below is not a component of a linear programming problem? (Points : 5)

Constraints

Objective function

Decision variables

Nonlinear residual

Question 6.6.For most graphs, the constraint equations which intersect to form a solution point must be solved simultaneously: (Points : 5)

because the solution coordinates from the graph cannot be visually read with high precision.

in order to confirm the mathematically determined coordinates.

in order to determine all of the optimal point solution.

because the slope b and the y-intercept a are not always integers.

Question 7.7.For the constraints given below, which point is in the feasible region of this minimization problem?

14x + 6y = 42

x + 3y = 6(Points : 5)

x = 2; y = 5

x = 1; y = 2

x = 2; y = 1

x = 2; y = 3

Question 8.8.Binary variables are: (Points : 5)

0 or 1 only.

any integer value.

any continuous value.

any negative integer value.

Question 9.9.In a 0-1 integer programming model, if the constraint x1 - x2 = 0, it means when project 2 is selected, project 1 ________ be selected.(Points : 5)

must always

can sometimes

can never

is already

Question 10.10.For a linear programming problem, assume that a given resource has not been fully used. We can conclude that the shadow price associated with that constraint: (Points : 5)

will have a positive value.

will have a negative value.

will have a value of zero.

could have a positive, negative or a value of zero. (no sign restrictions).

Question 11.11.Thecritical path is the ________ path through the n etwork. (Points : 5)

longest

shortest

straightest

most expensive

Question 12.12.Elements of project planning include: (Points : 5)

defining project objectives

identifying activities to crash.

calculating expected times and standard deviations

conducting a "lessons learned" session

Question 13.13.Mallory Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. If the Mallory Furniture company decides to purchase 150 big shelves and no medium shelves, which of the two resources will be left over? (Points : 5)

Investment money only

Storage space only

Investment money and storage space

Neither investment money nor storage space

Question 14.14. A linear programming model consists of: (Points : 5)

decision variables

an objective function

constraints.

all of the above

Question 15.15.The term refers to testing how a problem solution reacts to changes in one or more of the model parameters. (Points : 5)

Priority recognition

Decision analysis

Analysis of variance

Sensitivity analysis

Question 16.16.If a maximization linear programming problem consists of all less-than-or-equal-to constraints with all positive coefficients and the objective function consists of all positive objective function coefficients, then rounding down the linear programming optimal solution values of the decision variables will ________ result in a(n) ________ solution to the integer linear programming problem. (Points : 5)

always; optimal

always; non-optimal

never; non-optimal

sometimes; optimal

Question 17.17.Decision variables: (Points : 5)

measure the objective function

measure how much or how many items to produce, purchase, hire, etc.

always exist for each constraint

measure the values of each constraint

Question 18.18.Cully Turniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. What is the storage space constraint? (Points : 5)

90 B + 100 M = 18000

90 B + 100 M = 18000

100 B + 90 M = 18000

500 B + 300 M = 18000

Question 19.19.Multiple optimum solutions can occur when the objective function is _______ a constraint line. (Points : 5)

unequal to

equal to

linear to

parallel to

Question 20.20.A PERT/CPM activity has an optimistic time estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days. The expected time (in days) of this activity is ____. (Points : 5)

7.0

7.5

8.0

8.5

**Category:**Business, General Business

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