TTU ISQS 3344 FLAMM EXAM 1 |COMPLETE AND GRADED QUESTIONS AND
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO
PASS | GET A+
1. What are Core competencies?: Firm's areas or utmost proficiency that delivers a justifiable competitive advantage
in marketplace or service environment
2. Difference between long-range forecasts to short-range forecasts: Forecasting is
the process of identifying the future oriented needs or demands for the purpose of planning and implementing the plans
effectively. The forecasting can be classified into two which includes the short term forecasting and the long term
forecasting.
Short term forecasting is the approach of forecasting for meeting the short term objectives. The short term objectives will
be the objectives set for less than one year. In short term forecasting the current situations and the frequent or the sudden
changes in the business environment has to be considered in particular. The current political or the economic issues can
certainly impact the business within a year of time and hence the current situation gets the priority.
In long term forecasting, the long term objectives of the organizations are met. This forecasting will be performed
considering the long term benefits and the objectives of the organization like the organization reputation, customer
loyalty etc.
3. A six-month moving average forecast is generally better than a three-month moving average forecast if: if demand
is rather stable
4. A fundamental distinction between trend projection and linear regression
is: in trend projection the independent variable is time; in linear regression the independent variable need not be time but
can be any variable with explanatory value
, 5. What is exponential smoothing forecast?:
6. What is matrix organization?: A matrix organization is an organizational structure in which the relationship of the
roles is set up in a grid or matrix. The traditional hierarchy is disregarded in the matrix structure.
Employees have dual relationship both to the functional and product manager.
7. A project manager is interested in crashing a project with variable activity times, what tool can he/she use: PERT
8. What is Experience differentiation?: Experience differentiation is an extension of product differentiation,
accomplished by usingpeople's five senses to create an experience rather than simply providing a service.
9. Cost minimization is an appropriate strategy in which stage of the product life cycle?: Declines
10. Cost cutting in international operations can take place because of?: 1. Lower taxes and tariffs
2. Lower wage scales
3. Lower indirect labor costs 4. Less stringent regulation
11. Before establishing and implementing strategy, a resources view would ensure which resources are available?: 1.
Financial
2. Physical
3. Human
4. Technological
12. Eli Whitney, in the nineteenth century, provided the foundations for what?: interchangeable parts
13. What strategic concepts allow firms to achieve their missions?: Differentiation
Cost leadership
Response
14. Henry ford is noted for his contributions for what?: assembly line
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO
PASS | GET A+
1. What are Core competencies?: Firm's areas or utmost proficiency that delivers a justifiable competitive advantage
in marketplace or service environment
2. Difference between long-range forecasts to short-range forecasts: Forecasting is
the process of identifying the future oriented needs or demands for the purpose of planning and implementing the plans
effectively. The forecasting can be classified into two which includes the short term forecasting and the long term
forecasting.
Short term forecasting is the approach of forecasting for meeting the short term objectives. The short term objectives will
be the objectives set for less than one year. In short term forecasting the current situations and the frequent or the sudden
changes in the business environment has to be considered in particular. The current political or the economic issues can
certainly impact the business within a year of time and hence the current situation gets the priority.
In long term forecasting, the long term objectives of the organizations are met. This forecasting will be performed
considering the long term benefits and the objectives of the organization like the organization reputation, customer
loyalty etc.
3. A six-month moving average forecast is generally better than a three-month moving average forecast if: if demand
is rather stable
4. A fundamental distinction between trend projection and linear regression
is: in trend projection the independent variable is time; in linear regression the independent variable need not be time but
can be any variable with explanatory value
, 5. What is exponential smoothing forecast?:
6. What is matrix organization?: A matrix organization is an organizational structure in which the relationship of the
roles is set up in a grid or matrix. The traditional hierarchy is disregarded in the matrix structure.
Employees have dual relationship both to the functional and product manager.
7. A project manager is interested in crashing a project with variable activity times, what tool can he/she use: PERT
8. What is Experience differentiation?: Experience differentiation is an extension of product differentiation,
accomplished by usingpeople's five senses to create an experience rather than simply providing a service.
9. Cost minimization is an appropriate strategy in which stage of the product life cycle?: Declines
10. Cost cutting in international operations can take place because of?: 1. Lower taxes and tariffs
2. Lower wage scales
3. Lower indirect labor costs 4. Less stringent regulation
11. Before establishing and implementing strategy, a resources view would ensure which resources are available?: 1.
Financial
2. Physical
3. Human
4. Technological
12. Eli Whitney, in the nineteenth century, provided the foundations for what?: interchangeable parts
13. What strategic concepts allow firms to achieve their missions?: Differentiation
Cost leadership
Response
14. Henry ford is noted for his contributions for what?: assembly line
