2. How do you call someone who is responsible for the production, marketing and profitability of a cleaning product in one of the worldwide production facilities of Lysol?

(A) General Manager

(B) Line Manager

(C) Team Manager

(D) Supervisory Manager

3. What are the most important skills for a top manager?

(A) Technical and Interpersonal

(B) Interpersonal and Diagnostic

(C) Diagnostic and Conceptual

(D) None of the above

4. Scenario approach to strategic planning involves

(A) Building virtual worlds using software predictions

(B) A process looking at what-ifs

(C) Functional managers setting key corporate objectives

(D) Prediction of future demand conditions

5. The intellectual property of an organization is

(A) A tangible capability

(B) An intangible capability

(C) A tangible resource

(D) An intangible resource

6. Which four of the below are the four essential elements involved in decision making in engineering economic analysis.

(i) Cash flow

(ii) Time of occurrence of cash flow

(iii) Interest rate

(iv) Debt rate

(v) Measure of economic worth

(A) (i), (ii), (iii) and (iv)

(B) (i), (ii), (iii) and (v)

(C) (i), (iii), (iv) and (v)

(D) (i), (ii), (iv) and (v)

7. An alternative has the following cash flows:

Benefits of $50,000 per year

Disbenefits of $27,000 per year

Initial cost of $250,000

M&O costs of $10,000 per year

If the alternative has an infinite life and the interest rate is 10 % per year, the B/C ratio is closest to:

(A) 0.52

(B) 0.66

(C) 0.91

(D) 1.16

8. If a normal distribution has a mean of 200 and a standard deviation of 10, 99.7 % of the population falls within what range of values?

(A) 170-230

(B) 180-220

(C) 190-210

(D) 175-225

9. A meteorologist was simulating the number of days that rain would occur in a month. The random number interval from 01 to 30 was used to indicate that rain occurred on a particular day, and the interval 3100 indicated that rain did not occur. What is the probability that rain did occur?

(A) 0.30

(B) 0.31

(C) 1.00

(D) 0.70

10. The idea behind simulation is to

(A) imitate a real-world situation

(B) study the properties and operating characteristics of a real-world situation

(C) draw conclusions and make action decisions based on simulation results

(D) all of the above