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ESE 2020: Economic Feasibility Numerical Quiz-6

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Question 1

Which of the following concepts are relatable to income of members of the public while considering public welfare?
1) Sensitivity of demand
2) Elasticity of demand
3) Sensitivity of expenditure
4) Elasticity of expenditure

Question 2

If the EOQ is 360 units, order cost is Rs. 5 per order and carrying cost is Rs. 0.20 per unit, what is the usage?

Question 3

A simple project comprises of two start-to-end parallel paths, each with three activities in series, with no interpath dependencies. The data (in days) for each activity are shown in the diagram. Assuming that three activities in series are enough for further computations, what will be the total project duration and its standard deviation?

Question 4

What is an optimizing strategy?

Question 5

Project schedule development is an iterative process. If the start and finish dates are not realistic, the project probably will not finish as plan. You are working with your team to define how to manage schedule changes. You documented your decisions in which of the following?

Question 6

If the cost variance is the same as the schedule variance and both numbers are greater than zero, then:

Question 7

A small production unit now works 6 days per week with hours of first shift every one of the 6 days and 3 hours of second shift for each of the first 5 days. Wage negotiations led to an agreement to work on 5 days a week with both shifts together clocking 100% hours per day with an 8% increase in weekly wages. How much change in the hourly production would mean parity in the agreement for both management and employees?

Question 8

Project managers should pay attention to critical and subcritical activities when evaluating project time performance. One way to do this is to analyze 10 subcritical paths in order of ascending float. This approach is part of:

Question 9

Your customer wants the project to be completed six months earlier than plan. You believe you can meet this target by overlapping project activities. The approach you plan to use is known as:

Question 10

Which of the following are the example of an indirect cost?
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Dec 29ESE & GATE CE