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1. Which of these statements describes an important concept of portfolio management?
Focusing groups of projects, programs and/or operations toward a common goal is impossible
Portfolios are much more manageable than projects and programs because you can delegate easily
Portfolios that do not support organizational strategy should not be undertaken
Overall business strategy should not override the will of an enthusiastic sponsor with funding
2. A company has decided to monitor its painting process by counting the number of defects per unit of output. To establish control chart limits a random sample of 30 units was taken and the average number of defects was calculated. If the sample average was 16 defects per unit then the 3-sigma upper and lower control chart limits for this process would be
A. UCL = 16; LCL = 4
B. UCL = 28; LCL = 4
C. UCL = 28; LCL = 16
D. UCL = 28; LCL = 12
Every year in early October Steven King buys pumpkins of one size from a farmer in Maine and then hires an artist to carve bewitching faces in them. He then tries to sell them at his produce stand in a public market in Boston. The farmer charges Stev..
Nonequity Alliance - Cooperation between firms is managed directly through contracts, without cross-equity holdings or an independent firm being created. Equity Alliance - Cooperative contracts are supplemented by equity investments by one partner in..
Business is booming at the cookie company. You are selling only online and have a factory in the southern US. You now offer 5 different kinds of cookies in various size packages and have started selling custom cookie bouquets. Explain how use of Lean..
The objective of a firm in a responsive supply chain is likely to be realized if it has a
In your opinion, which functions should collaborate on the effort of cross functional collaboration (particularly in relation to proactively managing customer demand), and what does each of those functions contribute to the conversation?
What are the advantages and disadvantages of a divisional organizational structure?
One of the more popular metrics now being used in nontraditional media (Internet, social media, etc.) is engagement. This term has also been used in evaluating traditional media. Explain what is meant by engagement. Is this term being used the same i..
Compare two similar products and discuss the product attributes and differentiate between the two items.
Explain the importance and efficacy of financial statements used in the decision-making process of health care organizations.
What is the completely accelerated project duration after maximum crashing and what is the total additional cost for reducing the duration by the maximum?
Kristoph incorporated Hi-Energy, Inc., which was a weight-loss program consisting of food products, diet pills, group meetings, and exercise classes.
The project charter usually will include assumptions about the risks the project will face.
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