Which of the following is not a step in the forecasting process?
Multiple Choice
Eliminate all assumptions.Correct
Select a forecasting model.
Establish a time horizon.
Monitor the forecast.
Determine the purpose and level of detail required.
The more novel a new product or service design is, the more forecasters have to rely on
Multiple Choice
subjective estimates.Correct
historical data.
smoothed variation.
cyclicality.
seasonality.
The responsibilities of the operations manager include
Multiple Choice
allocating financial resources throughout the organization.
promoting the organization’s goods or services.
analyzing investment proposals.
the creation of goods or provision of services.Correct
assessing consumer wants and needs.
4
In addition to operations, which of the following is considered a "line" function?
Multiple Choice
accounting
, finance
IT
sales
procurement
5
ISO certification is similar to the Baldrige Award in its emphasis on
Multiple Choice
self-appraisal.
services.
outsourcing.
statistical tools.
teamwork.
When choosing a forecasting technique, a critical trade-off that must be considered is that
between
Multiple Choice
cost and accuracy.Correct
time series and associative.
seasonality and cyclicality.
length and duration.
simplicity and complexity.
7
When service firms such as retailers or banks make growth-spurred location decisions, typically
these involve
Multiple Choice
expanding existing locations rather than adding new ones.
adding new locations rather than expanding existing ones. – most ikelt not 100% sure
finding new sources of resources to replace exhausted ones.
, downsizing existing locations and opening new ones elsewhere. – confirmed incorrect
closing down existing locations and opening new ones elsewhere.
8
Which of the following is/are a primary input into capacity, sales, and production planning?
Multiple Choice
ethics
market share
globalization
demand forecasts
product design
9
Which of the following would not generally be classified under the heading of transformation?
staffing
consulting
farming
teaching
assembling
10
Availability __________blank as the mean time between failure __________blank.
Multiple Choice
increases; increases
decreases; increases
increases; decreases
stalls; increases
decreases; decreases
Forecasts based on judgment and opinion do not include
Multiple Choice
Eliminate all assumptions.Correct
Select a forecasting model.
Establish a time horizon.
Monitor the forecast.
Determine the purpose and level of detail required.
The more novel a new product or service design is, the more forecasters have to rely on
Multiple Choice
subjective estimates.Correct
historical data.
smoothed variation.
cyclicality.
seasonality.
The responsibilities of the operations manager include
Multiple Choice
allocating financial resources throughout the organization.
promoting the organization’s goods or services.
analyzing investment proposals.
the creation of goods or provision of services.Correct
assessing consumer wants and needs.
4
In addition to operations, which of the following is considered a "line" function?
Multiple Choice
accounting
, finance
IT
sales
procurement
5
ISO certification is similar to the Baldrige Award in its emphasis on
Multiple Choice
self-appraisal.
services.
outsourcing.
statistical tools.
teamwork.
When choosing a forecasting technique, a critical trade-off that must be considered is that
between
Multiple Choice
cost and accuracy.Correct
time series and associative.
seasonality and cyclicality.
length and duration.
simplicity and complexity.
7
When service firms such as retailers or banks make growth-spurred location decisions, typically
these involve
Multiple Choice
expanding existing locations rather than adding new ones.
adding new locations rather than expanding existing ones. – most ikelt not 100% sure
finding new sources of resources to replace exhausted ones.
, downsizing existing locations and opening new ones elsewhere. – confirmed incorrect
closing down existing locations and opening new ones elsewhere.
8
Which of the following is/are a primary input into capacity, sales, and production planning?
Multiple Choice
ethics
market share
globalization
demand forecasts
product design
9
Which of the following would not generally be classified under the heading of transformation?
staffing
consulting
farming
teaching
assembling
10
Availability __________blank as the mean time between failure __________blank.
Multiple Choice
increases; increases
decreases; increases
increases; decreases
stalls; increases
decreases; decreases
Forecasts based on judgment and opinion do not include
