BCOR 360 Final Exam Newest Exam
Preparation Newest 2026-2027 With
Complete Questions And Correct Detailed
Answers | Brand New Version
"The planning, scheduling, and control of the activities that transform inputs into
finished goods and services" is the definition of _____ - ANSWER-Operations
Management
Translates the business strategy into specific actions and coordinates with other
areas" is the definition of - ANSWER-functional strategy
Flingers Inc. reveals the following information in their annual report for FY 2014.
Earnings and Expenses
Sales $10,000,000
Cost of goods sold $5,000,000
Pretax earnings $500,000
Selected Balance Sheet Items
Merchandise inventory $80,000
Total assets $2,000,000
Every dollar Flingers saves in purchasing has the same impact as what amount
of increased sales? - ANSWER-20
Firm XYZ has a master production scheduled quantity of 60 units due in weeks
2 and 4. Ending inventory in week 1 is 10 units. The forecast and booked orders
are as shown in the table below. What is the projected ending inventory in week
3?
,Week 1 2 3 4 5
Forecast 30 30 30 30
Booked orders 35 15 10 5
Projected ending inventory 10
Master production schedule 60 60
Available to promise - ANSWER-5
Firm XYZ has a master production scheduled quantity of 60 units due in weeks
2 and 4. Ending inventory in week 1 is 10 units. The forecast and booked orders
are as shown in the table below. What is the available to promise in week 2?
Week 1 2 3 4 5
Forecast 30 30 30 30
Booked orders 35 15 10 5
Projected ending inventory 10
Master production schedule 60 60
Available to promise - ANSWER-20
Which of the following is an infrastructural element of a business strategy? -
ANSWER-policies
Performance dimensions for which customers expect a minimum level of
performance, but do not provide a competitive advantage" is the definition of -
ANSWER-Order qualifiers
Electra wants to purchase a laptop for use in her MBA program so she can work
on assignments and surf the web while the professor drones on endlessly. After
consulting with her colleagues, she chooses the dimensions of cost, weight,
processor speed, and touchscreen capability as critical to her long term success
and amusement. She evaluates two different laptops and rates their
performance on each criterion on a scale from 1 (poor) to 5 (excellent). Which
laptop should Electra purchase? - ANSWER-Knockoff
"An estimate of the future value of some variable" is the definition of -
ANSWER-a forecast
Which of the following statements about forecasts is true? – ANSWER-
Forecasts for the near term tend to be more accurate.
,The situation is vague and little data exists, as in the case of new products or
technologies. In this case, which of the following forecasting approach is used?
- ANSWER-qualitative method
A long-term movement up or down in a time series is called - ANSWER-trend.
A firm's demand data from the last two quarter is displayed in the table. Use a
three period moving average to forecast demand for July. - ANSWER-217
A firm's demand data from the last two quarter is displayed in the table. Use a
three period weighted moving average with Wt = 0.7, Wtminus1 = 0.2, and
Wtminus2 = 0.1 to forecast demand for July. - ANSWER-235.2
A counseling service records the number of calls to their hotline for the last year.
What is the forecast for August if the forecast for June was 164 and the service
uses exponential smoothing with an alpha of 0.8? - ANSWER-175.36
Multiple regression is used when the forecaster believes that more than one
independent variable should be used to predict the variable of interest. -
ANSWER-True
Elm Lake Fire Department wants to forecast the demand for structure fires. The
last five years of data are shown below.
Year Demand
1 12
2 16
3 10
49
5 13
Using simple exponential smoothing with alpha=.3, forecast the demand for
period 6. Assume that the forecast for Year 1 = 15. - ANSWER-C
Given the following linear demand forecast, what is the predicted forecast at
period 14?
Demand = 100 + 15 X (where X is the desired forecast period) - ANSWER-d
A model with a positive mean forecast error suggests that, on average, the
model underforecasts - ANSWER-True
, "Performance dimensions highly valued by customers that differentiate a
company's products and services from its competitors" is the definition of -
ANSWER-order winners
A model with a positive mean forecast error suggests that, on average, the
model underforecasts. - ANSWER-True
Given the following historical demand and forecast, calculate the Tracking
Signal in Week 3:
Week 1 Demand: 50 Forecast: 47
Week 2 Demand: 54 Forecast: 56
Week 3 Demand: 58 Forecast: 57 - ANSWER-1.00
______________ refers to the broad set of activities carried out by
organizations to analyze sourcing opportunities, develop sourcing strategies,
select suppliers, and carry out all the activities required to procure goods and
services - ANSWER-Supply management
______________ is the purchased cost of goods from outside suppliers -
ANSWER-COGS
Dusty is evaluating two bids to supply fence hardware for the 5 acres of pasture
that need to be fenced. Breezy submits a bid of $40 per unit with a defect rate
of 3%, and Lady's bid is $50 per unit with a defect rate of 0.5%. If a section of
fence fails, it costs an average of $500 in losses and herding costs to round up
all of the capybaras. Dusty believes it will take 500 units to fence in this pasture
configuration; which supplier should win the business? - ANSWER-Lady
The application of quantitative techniques to purchasing data in an effort to
better understand spending patterns and identify opportunities for improvement"
is the definition of - ANSWER-Spend analysis
_____________ profiles the major forces and trends that are impacting the
industry, including pricing, competition, regulatory forces, substitution,
technology changes, and supply/demand trends. - ANSWER-Industry analysis
One advantage of outsourcing is that it - ANSWER-increases the company's
access to state-of-the-art products and processes.
Preparation Newest 2026-2027 With
Complete Questions And Correct Detailed
Answers | Brand New Version
"The planning, scheduling, and control of the activities that transform inputs into
finished goods and services" is the definition of _____ - ANSWER-Operations
Management
Translates the business strategy into specific actions and coordinates with other
areas" is the definition of - ANSWER-functional strategy
Flingers Inc. reveals the following information in their annual report for FY 2014.
Earnings and Expenses
Sales $10,000,000
Cost of goods sold $5,000,000
Pretax earnings $500,000
Selected Balance Sheet Items
Merchandise inventory $80,000
Total assets $2,000,000
Every dollar Flingers saves in purchasing has the same impact as what amount
of increased sales? - ANSWER-20
Firm XYZ has a master production scheduled quantity of 60 units due in weeks
2 and 4. Ending inventory in week 1 is 10 units. The forecast and booked orders
are as shown in the table below. What is the projected ending inventory in week
3?
,Week 1 2 3 4 5
Forecast 30 30 30 30
Booked orders 35 15 10 5
Projected ending inventory 10
Master production schedule 60 60
Available to promise - ANSWER-5
Firm XYZ has a master production scheduled quantity of 60 units due in weeks
2 and 4. Ending inventory in week 1 is 10 units. The forecast and booked orders
are as shown in the table below. What is the available to promise in week 2?
Week 1 2 3 4 5
Forecast 30 30 30 30
Booked orders 35 15 10 5
Projected ending inventory 10
Master production schedule 60 60
Available to promise - ANSWER-20
Which of the following is an infrastructural element of a business strategy? -
ANSWER-policies
Performance dimensions for which customers expect a minimum level of
performance, but do not provide a competitive advantage" is the definition of -
ANSWER-Order qualifiers
Electra wants to purchase a laptop for use in her MBA program so she can work
on assignments and surf the web while the professor drones on endlessly. After
consulting with her colleagues, she chooses the dimensions of cost, weight,
processor speed, and touchscreen capability as critical to her long term success
and amusement. She evaluates two different laptops and rates their
performance on each criterion on a scale from 1 (poor) to 5 (excellent). Which
laptop should Electra purchase? - ANSWER-Knockoff
"An estimate of the future value of some variable" is the definition of -
ANSWER-a forecast
Which of the following statements about forecasts is true? – ANSWER-
Forecasts for the near term tend to be more accurate.
,The situation is vague and little data exists, as in the case of new products or
technologies. In this case, which of the following forecasting approach is used?
- ANSWER-qualitative method
A long-term movement up or down in a time series is called - ANSWER-trend.
A firm's demand data from the last two quarter is displayed in the table. Use a
three period moving average to forecast demand for July. - ANSWER-217
A firm's demand data from the last two quarter is displayed in the table. Use a
three period weighted moving average with Wt = 0.7, Wtminus1 = 0.2, and
Wtminus2 = 0.1 to forecast demand for July. - ANSWER-235.2
A counseling service records the number of calls to their hotline for the last year.
What is the forecast for August if the forecast for June was 164 and the service
uses exponential smoothing with an alpha of 0.8? - ANSWER-175.36
Multiple regression is used when the forecaster believes that more than one
independent variable should be used to predict the variable of interest. -
ANSWER-True
Elm Lake Fire Department wants to forecast the demand for structure fires. The
last five years of data are shown below.
Year Demand
1 12
2 16
3 10
49
5 13
Using simple exponential smoothing with alpha=.3, forecast the demand for
period 6. Assume that the forecast for Year 1 = 15. - ANSWER-C
Given the following linear demand forecast, what is the predicted forecast at
period 14?
Demand = 100 + 15 X (where X is the desired forecast period) - ANSWER-d
A model with a positive mean forecast error suggests that, on average, the
model underforecasts - ANSWER-True
, "Performance dimensions highly valued by customers that differentiate a
company's products and services from its competitors" is the definition of -
ANSWER-order winners
A model with a positive mean forecast error suggests that, on average, the
model underforecasts. - ANSWER-True
Given the following historical demand and forecast, calculate the Tracking
Signal in Week 3:
Week 1 Demand: 50 Forecast: 47
Week 2 Demand: 54 Forecast: 56
Week 3 Demand: 58 Forecast: 57 - ANSWER-1.00
______________ refers to the broad set of activities carried out by
organizations to analyze sourcing opportunities, develop sourcing strategies,
select suppliers, and carry out all the activities required to procure goods and
services - ANSWER-Supply management
______________ is the purchased cost of goods from outside suppliers -
ANSWER-COGS
Dusty is evaluating two bids to supply fence hardware for the 5 acres of pasture
that need to be fenced. Breezy submits a bid of $40 per unit with a defect rate
of 3%, and Lady's bid is $50 per unit with a defect rate of 0.5%. If a section of
fence fails, it costs an average of $500 in losses and herding costs to round up
all of the capybaras. Dusty believes it will take 500 units to fence in this pasture
configuration; which supplier should win the business? - ANSWER-Lady
The application of quantitative techniques to purchasing data in an effort to
better understand spending patterns and identify opportunities for improvement"
is the definition of - ANSWER-Spend analysis
_____________ profiles the major forces and trends that are impacting the
industry, including pricing, competition, regulatory forces, substitution,
technology changes, and supply/demand trends. - ANSWER-Industry analysis
One advantage of outsourcing is that it - ANSWER-increases the company's
access to state-of-the-art products and processes.
