12) How long would a job with a 70 percent learning curve and a time of 20 hours for
the first unit require (approximately, in hours) for the third unit?
A.14.1
B.11.4
C.10.0
D.7.8
E.4.3
13) The maximin approach to decision making refers to:
A.minimizing the maximum return.
B.maximizing the minimum return.
C.maximizing the minimum expected value.
D.choosing the alternative with the highest payoff.
E.choosing the alternative with the minimum payoff.
14) One upside to terminating a project that is not going as well as planned is that:
A.poorly performing project team members will be kept from causing trouble
elsewhere.
B.no additional costs will be incurred.
C.poor project managers will be weeded out.
D.resources can perhaps be put to better use elsewhere.
15) A “product package” consists of:
A.the exterior wrapping.
B.the shipping container.
C.a combination of goods and services.
D.goods if a manufacturing organization.
E.customer relations if a service organization.