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BUSI 650 Quiz 3 with Answers

1. The lean tool to reduce setup times is SMED; this acronym stands for
2. When workers receive approval for a task based on an inflated time estimate, they may perceive that they now have plenty of time to complete the task and therefore delay starting the task. What has this concept been called?
3. The project life cycle typically has a stretched-s or an exponential form.
4. Which of the following project categories might lead to the other project categories?
5. Which of the following terms provides the basis for the project schedule, often formatted as a project Gantt chart?
6. The amount of safety time needed to protect a particular path in a project is less than the sum of the safety times required to protect the individual activities making up the path.
7. Which of the following is NOT a direct benefit of lean?
8. The goal of the Kaizen blitz is to mistake-proof work activities in a way that prevents errors from being committed in the first place.
9. The optimistic time is the amount of time the project will take under the worst-case scenario.
10. Which of the following statement(s) concerning probabilities of completion is/are incorrect?
11. Lean enterprises rely on the push system, whereby company supply drives the production process.
12. A diagram where the physical flows of the parts are mapped onto the shop floor is referred to as muda.
13. Which of the following project categories typically seeks the development of a new generation of outputs?
14. Key aspects of the theory of constraints include identifying the bottlenecks in the process and balancing the workflows in the system.
15. Mixed-model assembly requires optimized production technology (OPT) for sequencing.
16. Pursuing perfection in lean organizations involves which of the following tools?
17. The following are characteristics of Lean when contrasted with traditional systems, EXCEPT:
18. Which of the following is NOT an example of a project?
19. An event is a series of connected activities from the start to the finish of the project.
20. According to Goldratt, to complete a project on time, the highest priority should be given to the:
21. Using CPM, when activity times are not known with certainty, we still can determine how long it will actually take to complete the project.
22. The step in the 5s approach in which the other four steps are made a habit is:
23. Favorable variances do not require corrective action or further investigation; only unfavorable variances in performance.
24. Any path that if delayed will delay the completion of the entire project is known as a:
25. Duration of critical path – path duration = __________?