Listening to what is being said by all members of a group or audience and then summarizing or interpreting is called______________.
A. Directive listening
B. Non-listening
C. Visual listening
D. Facilitative listening
What relationship more accurately defines a situation model of parallel activities that require a partial start of one activity?
A. Start to start
B. Star to finish
C. Finish to start
D. Finish to finish
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following is NOT an advantage of the critical path method:
A. The ability to determine cost overruns of critical path activities
B. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
C. Reveals activities that additional resources need to be dedicated toward
D. The ability to show slippage in the progress of key activities
The process of stating goals and determining the most effective way of reaching them is the definition for:
A. Implementing
B. Mission Statement
C. Managing
D. Planning
A task has an early start of day 4. late start of day 14. early finish of day 10. and a late finish of day 20. What is the task's float?
A. 4
B. 10
C. 20
D. 9
You have recently been appointed as the Cost Engineer to oversee process improvement projects for a Discrete Part Manufacturer. You have been asked to calculate the CPI on a project initiated to implement a Value Stream Mapping Initiative. The accountant is only able to provide you with BAC and EAC figures of $ 5000 and 57500 respectively. The CPI is:
unable to be calculated from the information given
A. <1
B. =1
C. =1
D. >1
Deliberate low bidding is often referred to as buying the job. Which of the following would not be a reason for low bidding?
A. Survival
B. Backing out of the bid competition
C. Reducing cm eliminating competition
D. Detecting significant errors in the purchaser's request for quote
Which of the following is a common technique to approximate the standard deviation?
A. Range/4
B. Range/16
C. Range * 2
D. Square root of the range
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
Which of the following should be included in the life-cycle cost analysis of a power plant?
A. Construction cost, operating cost, maintenance cost
B. Factory expenses, distribution expenses, mark-up
C. Capacity factor, end product units, physical dimensions
D. Resources, work activities, final cost objects
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
How much money should be set aside today to have $20,000 available eight (8) years from now if the interest rate is 6% compounded annually?
A. $31,875
B. $12,550
C. $29,600
D. $13,515
Productivity increases with time. This improvement is commonly associated with improvements in efficiency brought about by increased experience and skill levels. What does this scenario describe?
A. Productivity efficiency factor
B. Value engineering
C. Cash flow
D. The learning curve
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:
A. Costing
B. Cost-price analysis
C. Bid shopping
D. Negotiating a best and final offer
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