Question 1.1. (TCO 5) In most cases, demand for products or services can be broken down into several components. Which of the following is not considered a component of demand? (Points : 3) |
Average demand for a period
A trend
Seasonal elements
Past data
Autocorrelation
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Question 2.2. (TCO 5) In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand? (Points : 3) |
Cyclical elements
Future demand
Past demand
Inconsistent demand
Level demand
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Question 3.3. (TCO 5) Which of the following forecasting methodologies is considered a time series forecasting technique? (Points : 3) |
Simple moving average
Market research
Leading indicators
Historical analogy
Simulation
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Question 4.4. (TCO 5) In business forecasting, what is usually considered a short-term time period? (Points : 3) |
Four weeks or less
More than 3 months
Six months or more
Less than 3 months
One year
|
Question 5.5. (TCO 5) In business forecasting, what is usually considered a long-term time period? (Points : 3) |
Three months or longer
Six months or longer
One year or longer
Two years or longer
Ten years or longer
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Question 6.6. (TCO 5) Which of the following forecasting methods can be used for short-term forecasting? (Points : 3) |
Simple exponential smoothing
Delphi technique
Market research
Hoskins-Hamilton smoothing
Serial regression
|
Question 7.7. (TCO 5) Capacity planning involving acquisition or disposal of fixed assets, such as buildings, equipment, or facilities, is considered as which one of the following planning horizons? (Points : 3) |
Intermediate-range
Long-range
Short-range
Current
Upcoming
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Question 8.8. (TCO 5) If the actual output of a piece of equipment during an hour is 500 units and it's best operating level is at a rate of 400 units per hour, which of the following is the capacity utilization rate? (Points : 3) |
0.75
1.00
1.25
1.33
100
|
Question 9.9. (TCO 5) The way to build greater flexibility in your workers is to do which of the following? (Points : 3) |
Pay higher wages to motivate a willingness to do a variety to tasks
Provide a broader range of training
Provide a wide variety of technology to augment workers skills
Institute a "pay for skills" program
Use part-time employees with specialized skills as needed
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Question 10.10. (TCO 5) Which of the following models uses a schematic model of the sequence of steps in a problem and the conditions and consequences of each step? (Points : 3) |
Probability indexing
Johnson's sequencing rule
Decision trees
Activity System Maps
Decision mapping
|
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9 years ago
answers_100.docx
