D215 - Auditing | OA Practice

Question 41: What is 'finite loading' in production scheduling?

Scheduling work centers up to a predetermined capacity

Scheduling work without considering capacity

Scheduling tasks based on customer demand

Scheduling tasks based on available workforce

Question 42: What is 'random causes'?

Causes of variation that cannot be identified and are unavoidable

Causes of variation that can be controlled and minimized

Causes of variation that occur due to human error

Causes of variation that result from equipment malfunction

Question 43: What is the 'execution' stage in project management?

Completing the project and closing all activities

Initiating the project and obtaining approval

Carrying out tasks to achieve project objectives

Evaluating the projects impact on the organization

Question 44: What is 'horizontal integration'?

Acquiring companies that operate in the same industry

Acquiring companies that supply raw materials

Expanding into unrelated industries

Outsourcing production to third parties

Question 45: What is the 'mean'?

The difference between the highest and lowest values in a data set

The most frequent value in a data set

The central tendency of a set of data, calculated as the average

The midpoint value in a data set

Question 46: What is 'just-in-time' (JIT)?

A system that maximizes inventory levels to reduce stockouts

A system that reduces waste by producing only what is needed when it is needed

A method for increasing production output

A strategy for reducing employee turnover

Question 47: What is 'backward scheduling'?

Scheduling that begins with the earliest possible start date

Scheduling that starts with the due date and works backward

Scheduling that focuses on employee availability

Scheduling that ignores capacity constraints

Question 48: What is 'observed time'?

The actual time taken to complete a task

The time estimated for completing a task under ideal conditions

The average time taken by all workers to complete a task

The maximum allowable time for completing a task

Question 49: What is 'vertical integration'?

Acquiring companies that operate in the same industry

Acquiring companies that supply raw materials or distribute products

Expanding into unrelated industries

Outsourcing production to third parties

Question 50: What is the 'termination' stage in project management?

The phase where the project is planned

The phase where project resources are allocated

The phase where the project is completed and closed

The phase where tasks are carried out

D215 Auditing - Set 5 - Part 3