1. Using the diagram in the Special window, what is the probability that Alternative I will be adopted and completed below budget:

[A]1.4

[B]0.8

[C]0.2

[D]0.12

[E]None of the above

2. Using the figure in the Special window, Activity "L" has an early start time of _____ weeks and an early finish time of _____ weeks.

[A]11, 13

[B]12, 14

[C]13, 15

[D]14, 16

[E]15, 17

3. Using the figure in the Special Window, what is the probability of success for Project B?

[A]0.3

[B]0.2

[C]0.35

[D]0.15

[E]0.12

4. Using the figure in the Special window, Activity "D" has a latest start time of _____ weeks and a latest finish time of _____ weeks.

[A]2, 10

[B]4, 12

[C]6, 14

[D]7, 15

[E]9, 17

5. Using the figure in the Special window, The slacktime in Activity "G" is _____ weeks.

[A]2

[B]3

[C]4

[D]5

[E]7

6. Using the WBS in the Special window, an instance of a work package is:

[A]Build house

[B]Excavate

[C]Prepare Foundation

[D]B and C

[E]None of the above

7. Using the problem stated in the Special window, Calculate the expected value of duration (in days) using the PERT concept of the expected duration of a task

[A]8

[B]8.8

[C]9.1

[D]9.7

[E]10.5

8. Using the problem stated in the Special window, Calculate the deviation of duration for the task, using the PERT concept of standard deviation of task duration.

[A]0.5

[B]1

[C]1.8

[D]2.2

[E]2.8

9. Using the situation stated in the Special window, what is the total variable costs for producing one widget?

[A]1020

[B]1010

[C]1015

[D]20

[E]None of the above.

10. Using the situation stated in the Special window, what is the total price variance for direct material?

[A]140

[B]736

[C]0.02

[D]-350

[E]5850

11. Using the situation stated in the Special window, what is the labor rate cost variance?

[A]5500

[B]1500

[C]-100

[D]-0.1

[E]5600

12. Using the situation stated in the Special window, what is net present value of an annual income flow of $1600 at 14% over the next three years?

[A]3713.6

[B]0.68

[C]1080

[D]476.19

[E]2.32

13. Using the situation stated in the Special window, what is present value of $1000 at 12% at the end of 5 years?

[A]3605

[B]0.57

[C]567

[D]892.86

[E]3.61

14. Using the situation stated in the Special window, what is the cost variance for Case #9?

[A]-1000

[B]1000

[C]-2000

[D]2000

[E]0

15. Using the situation stated in the Special window, what is the schedule variance for Case #8?

[A]1000

[B]2000

[C]-1000

[D]-2000

[E]0

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