CSFA Study Compilation CTM Exam Latest Update 2025-2026 Actual Exam 285 Questions with 100% Verified Correct Answers Guaranteed A+ Verified by Professor A job description is a - CORRECT ANSWER: written statement of what, how, and why a job exists
A method is a - CORRECT ANSWER: process, or series of steps or acts, for performing a function or a task
A real team has all of these characteristics except: - CORRECT ANSWER: prefer action to analysis
A supply chain in which material processing is owned and controlled from raw materials
to finished product is referred to as - CORRECT ANSWER: vertically integrated
All of the following are overhead expenses except:
legal, advertising, production material costs, warehousing - CORRECT ANSWER:
production material costs
Hoshin Kanri is a form of - CORRECT ANSWER: systemic strategic planning
If repeatability is large compared to reproducibility, the reason(s) for it may center on which of the following reasons?
- the gage needs maintenance
- the gage could be redesigned to be more rigid
- the clamping for gaging needs to be improved
- all of the above are acceptable reasons - CORRECT ANSWER: all of the above are
acceptable reasons 1 / 4
In project scheduling, the most common method for determining the critical path is the
use of the - CORRECT ANSWER: network diagram
Labor unions that do NOT require employees to join a union are: - CORRECT
ANSWER: open shop
MBO is an acronym for: - CORRECT ANSWER: management by objectives
Measurements taken at various points in the transformation process for control
purposes are called - CORRECT ANSWER: feedback
Nine areas of project management knowledge have been established by - CORRECT
ANSWER: Project Management Institute
Participative decision making (PDM) model of leadership was developed by: -
CORRECT ANSWER: Vroom & Yetton
Project ownership, authority, cross-functional cooperation, and prioritization are some of
the reasons for the establishment of a - CORRECT ANSWER: project management
office
Quality characteristics that are classified as conforming or nonconforming to specifications such as a "go/no go gage" applications are referred to as: - CORRECT
ANSWER: attribute
Specific details on how overall goals are to be achieved is known as: - CORRECT
ANSWER: tactical planning
Task centered management emphasizes - CORRECT ANSWER: accomplishment of
organizational goals 2 / 4
The concept referring to the rights inherent in a managerial position to give orders and
expect the orders to be obeyed is - CORRECT ANSWER: authority
The military is a prime example of - CORRECT ANSWER: line organization
The need for quicker decisions has led companies to increasingly use this management
technique - CORRECT ANSWER: empowerment
The optimal capability index (Cp) for non-sigma company is frequently established at? -
CORRECT ANSWER: 1.33
The product-process matrix compares - CORRECT ANSWER: various process options
to volume and variety
The term for a network planning technique where the activities that make up the project and how they are related is graphically presented is a(n): - CORRECT ANSWER: PERT chart
This doctrine opposes governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights. - CORRECT
ANSWER: laissez-faire
Using the PERT formula tE= (tO + 4tM + tP) /6, what is the expected activity duration if the most likely is 19, optimistic is 12, and the pessimistic is 21? - CORRECT ANSWER: 18
Variation is present in every process. Which one of the following statements is not true?
- CORRECT ANSWER: automation has increased the effects of environmental
variation.
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What addresses specific hazards such as handling hazardous waste? - CORRECT
ANSWER: section
What are solid particles that are formed when metal or other solids vaporize and the
molecules condense in fresh air? - CORRECT ANSWER: fumes
What does LEL stand for? - CORRECT ANSWER: lower exposure limits
What does the acronym OSHA stand for? - CORRECT ANSWER: Occupational Safety
and Health Administration
What is a Title VII violation?
- Hiring only 30-40 years old people B. Firing employees older than 50 years
- Classifying employees by age D. All of the above
E. None of the above - CORRECT ANSWER: None of the above
What is the name of the method for controlling production so excessive forward
movement of material is restricted? - CORRECT ANSWER: Kanban
What is the term for material in various stages of completion in the production facility? -
CORRECT ANSWER: work-in-process
What would be the best way to assist with improving productivity? - CORRECT
ANSWER: time and motion studies
When goals are projected, it is recommended that they be expressed in - CORRECT
ANSWER: measurable terms
When to order inventory is a managerial phrase called - CORRECT ANSWER: order
point
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