1.If a product is being manufactured on an 80% learning curve, and the time for
ID: 403708 • Letter: 1
Question
1.If a product is being manufactured on an 80% learning curve, and the time for building the 100th unit is 50 hours, then the time required to build the 200th unit should be:
a.
90 hours
b.
50 hours
c.
40 hours
d.
None of the above
2.During contract negotiations, the goal of the buyer is to:
a.
Get the seller to accept the greatest risk
b.
Get the highest quality result for the lowest price
c.
Get the seller to agree to scope changes at no cost to the buyer
d.
Try to get the least amount of work done at the lowest price
3. During contract negotiations, the goal of the seller is to:
a.
Get the buyer to accept the greatest amount of risk
b.
Get the largest possible profit margin regardless of the risk
c.
Get the largest possible price for the contract
d.
Negotiate a contract where the profit margin is commensurate with the risk the contractor is expected to incur
4.Which of the following contract types has the greatest risk with the buyer?
a.
Cost sharing
b.
Cost-Plus-Incentive-Fee
c.
Firm-Fixed-Price
d.
Fixed-Price-Incentive-Fee
5. Which of the following contract types has the greatest risk with the seller?
a.
Cost sharing
b.
Cost-Plus-Incentive-Fee
c.
Firm-Fixed-Price
d.
Fixed-Price-Incentive-Fee
6. _____ source contracting is when there exists only one supplier in the market-place to satisfy the requirements of the contract.
a.
Preferred
b.
Sole
c.
Single
d.
Surety
7. Which of the following would be included in a scoring model for evaluating bidders?
a.
Overall bid price
b.
Financial strength (ability to stay in business)
c.
Intellectual property rights
d.
All of the above
8. A covenant providing restrictions on certain proprietary knowledge is called a:
a.
Non compete clause
b.
Non disclosure clause
c.
Non conformance clause
d.
Penalty clause
9. The type of contract where all of the seller%u2019s costs are reimbursed and the seller will also receive a percentage of the profit pool based upon how well the buyer likes the end result is a _____ contract.
a.
Cost-sharing
b.
Cost-plus-award-fee
c.
Cost-plus-fixed-fee
d.
Cost-plus-incentive-fee
10. Which type of contract has a point of total assumption?
a.
Cost-plus-incentive-fee
b.
Fixed-price-incentive-fee
c.
Firm-fixed-price
d.
Cost-plus-award-fee
11. One of the primary reasons for the failure of quality circles is because management refuses to listen to the quality improvement ideas of subordinates.
a. TRUE
b. FALSE
12.The primary use of control charts is to:
a.
Prevent defects
b.
Detect defects
c.
Reject defects
d.
All of the above
13. A Pareto Diagram is used to identify and prioritize quality problems.
a. TRUE
b. FALSE
14. Dr. Juran%u2019s cost of quality model suggests that complete elimination of all defects may not be cost-effective.
a. TRUE
b. FALSE
15. The person ultimately responsible for the quality of the deliverable is the:
a.
Project manager
b.
Project team
c.
Project sponsor
d.
Customer
16. The alternative to three sigma is:
a.
4 sigma
b.
5 sigma
c.
6 sigma
d.
All are possible
17. In mature organizations, project and line managers negotiate for deliverables rather than people.
a. TRUE
b. FALSE
18. In mature organizations, project leadership is centered around the team rather than the project manager.
a. TRUE
b. FALSE
19. As project management matures in an organization, sponsorship can be pushed down to middle-management or below.
a. TRUE
b. FALSE
20. In mature organizations, priority shifting is avoided.
a. TRUE
b. FALSE
21. In mature organizations, project managers can disagree with the decisions made by the sponsor.
a. TRUE
b. FALSE
(PLEASE EXPLAIN YOUR ANSWERS WHERE APPLICABLE...THANK YOU!!)
a.
90 hours
b.
50 hours
c.
40 hours
d.
None of the above
Explanation / Answer
1. C
Since its an 80 % learning curve, we have a decrease of 20% in the time taken to manufacture.. so 20% of 50 is 10.. and 50-10 = 40 hours to manufacture
2. B
3. B
4. B
5. C
6. C
7. D
8. A
9. D
10. B
11. A
12. D
13. B
14. B
15. A
16. D
17. A
18. A
19. B
20. A
21. B
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