Management Accounting and Services: Quantitative Techniques Network Models 36. PERT and the critical path method (CPM) are used for a. Determining the optimal product mix c. Determining product costs b. Project planning and control d. Ranking capital investment projects 37. Statistical quality control often involves the use of control charts whose basic purpose is to a. Control labor costs in production operations b. Detect performance trends away from normal operations c. Monitor internal control applications in EDP operations d. Control internal audit confirmation responses 38. A Gantt chart a. Shows the critical path for a project b. Is used for determining an optimal product c. Does not necessarily show the critical path through a network d. Is used in Queuing analysis 39. When using PERT, the expected time for an activity when given an optimistic time (a), a pessimistic time (b) and a most likely time (m), is calculated by which one of the following formulas? a. (b - a) /2 b. (a + b) /2 c. (a + 4m + b) /6 d. (4abm) / 6
Management Accounting and Services: Quantitative Techniques Network Models 36. PERT and the critical path method (CPM) are used for a. Determining the optimal product mix c. Determining product costs b. Project planning and control d. Ranking capital investment projects 37. Statistical quality control often involves the use of control charts whose basic purpose is to a. Control labor costs in production operations b. Detect performance trends away from normal operations c. Monitor internal control applications in EDP operations d. Control internal audit confirmation responses 38. A Gantt chart a. Shows the critical path for a project b. Is used for determining an optimal product c. Does not necessarily show the critical path through a network d. Is used in Queuing analysis 39. When using PERT, the expected time for an activity when given an optimistic time (a), a pessimistic time (b) and a most likely time (m), is calculated by which one of the following formulas? a. (b - a) /2 b. (a + b) /2 c. (a + 4m + b) /6 d. (4abm) / 6
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Management Accounting and Services: Quantitative Techniques
Network Models
36. PERT and the critical path method (CPM) are used for
a. Determining the optimal product mix c. Determining product costs
b. Project planning and control
d. Ranking capital investment projects
37. Statistical quality control often involves the use of control charts whose basic purpose is to
a. Control labor costs in production operations
b. Detect performance trends away from normal operations
c. Monitor internal control applications in EDP operations
d. Control internal audit confirmation responses
38. A Gantt chart
a. Shows the critical path for a project
b. Is used for determining an optimal product
c. Does not necessarily show the critical path through a network
d. Is used in Queuing analysis
39. When using PERT, the expected time for an activity when given an optimistic time (a), a pessimistic time
(b) and a most likely time (m), is calculated by which one of the following formulas?
a. (b - a) /2
b. (a + b) /2
c. (a + 4m + b) /6
d. (4abm) / 6
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