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481. The formalization of management's attitude toward risk is called _____ .
A. Decision Theory.
B. Utility Theory.
C. Decision Tree Analysis.
D. Sensitivity Analysis.
E. Probability Analysis.
ANS: B
482. The range of time allowed for an activity to be completed in is the _____.
A. Planned time (Duration).
B. Float time (LS - ES, or LF - EF).
C. Critical time (when ES = LS, or EF = LF).
D. Scheduled time (LF - ES).
E. Event.
ANS: D
483. When items to be purchased for a project are specified by performance characteristics:
A. paperwork is greatly reduced
B. the supplier is held liable for the operation of the item
C. the supplier is held liable for the maintenance of the item
D. the supplier is held liable for that the item meets the design, dimensions, and tolerance specifications.
E. B and D only
ANS: B
484. You have assembled your thoughts into a message. As you pass this information to a second party, you are giving this person your:
A. Input
B. Output
C. Data
D. Feedback
E. A and C
ANS: B
485. Deflection involves the transfer of risk by:
A. Contracting out to another party
B. Developing schedule alternative.
C. Establishing functions under the project manager to handle risk events.
D. Disaster planning and responses.
E. None of the above.
ANS: A
486. Filling vacant positions by recruiting within the organization
A. Is exempt from equal employment opportunity laws
B. Is less expensive than recruiting externally
C. Can help provide new and innovative ideas to the organization
D. Is more time consuming than recruiting externally
E. A and B
ANS: B
487. The accounting head asks an assistant to cut the payroll checks today. The head later arrives to sign the checks, only to find that the
assistant shredded (cut) the blank check forms. Which phrase best describes this lack of communication.
A. Bypass instruction
B. Faulty perception of reality
C. Bad attitude of listener
D. Lazy listening
E. Emotionalism
ANS: A
488. Which of the following are among Phil Crosby's "absolutes of quality'.
A. the performance of standard is zero defects
B. do everything right the first time, each time
C. constantly improve each product and each service
D. the measurement system is the cost of nonconformance
E. A and D only
ANS: E
489. Which of the following impacts the critical path?
A. Changing the task duration.
B. Reduce the free float of an activity.
C. Executing a backward pass
D. A or B
E. None of the above.
ANS: A
490. A(n) _____ is defined as a specified accomplishment in a particular instant in time which does not consume time or resources.
A. Activity
B. Event.
C. Correlation
D. Constant
E. Event constrained within planned effort.
ANS: B
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