BCOR 360 FINAL EXAM NEWEST 2025 ACTUAL EXAM COMPLETE 150
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
"The planning, scheduling, and control of the activities that transform inputs into finished goods
and services" is the definition of _____ - (answers)Operations Management
Translates the business strategy into specific actions and coordinates with other areas" is the
definition of - (answers)functional strategy
Which of the following is an infrastructural element of a business strategy? - (answers)policies
Performance dimensions for which customers expect a minimum level of performance, but do
not provide a competitive advantage" is the definition of - (answers)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? - (answers)Knockoff
你是想要一篇“眼睛容易
"An estimate of the future value of some variable" is the definition of - (answers)a forecast
阅读的”中文文章
Which of the following statements about forecasts is true? - (answers)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? - (answers)qualitative method
A long-term movement up or down in a time series is called - (answers)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. - (answers)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. - (answers)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? - (answers)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. - (answers)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
你是想要一篇“眼睛容易
49
阅读的”中文文章
5 13
Using simple exponential smoothing with alpha=.3, forecast the demand for period 6. Assume
that the forecast for Year 1 = 15. - (answers)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) - (answers)d
,A model with a positive mean forecast error suggests that, on average, the model underforecasts -
(answers)True
"Performance dimensions highly valued by customers that differentiate a company's products
and services from its competitors" is the definition of - (answers)order winners
A model with a positive mean forecast error suggests that, on average, the model underforecasts.
- (answers)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 - (answers)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 - (answers)Supply management
______________ is the purchased cost of goods from outside suppliers - (answers)COGS
你是想要一篇“眼睛容易
Flingers Inc. reveals the following information in their annual report for FY 2014.
阅读的”中文文章
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? - (answers)20
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? - (answers)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 -
(answers)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. - (answers)Industry analysis
One advantage of outsourcing is that it - (answers)increases the company's access to state-of-the-
art products and processes.
你是想要一篇“眼睛容易
阅读的”中文文章
A company would like to produce 500 products per week for 5 weeks.
The Direct Material Cost for the raw materials used in the product is $3.25 per product.
In order to start production, the company must purchase a special drill that costs $400.00 (this is
a One-Time purchase).
What is the Total Cost Per Product? - (answers)3.41 per product
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
"The planning, scheduling, and control of the activities that transform inputs into finished goods
and services" is the definition of _____ - (answers)Operations Management
Translates the business strategy into specific actions and coordinates with other areas" is the
definition of - (answers)functional strategy
Which of the following is an infrastructural element of a business strategy? - (answers)policies
Performance dimensions for which customers expect a minimum level of performance, but do
not provide a competitive advantage" is the definition of - (answers)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? - (answers)Knockoff
你是想要一篇“眼睛容易
"An estimate of the future value of some variable" is the definition of - (answers)a forecast
阅读的”中文文章
Which of the following statements about forecasts is true? - (answers)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? - (answers)qualitative method
A long-term movement up or down in a time series is called - (answers)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. - (answers)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. - (answers)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? - (answers)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. - (answers)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
你是想要一篇“眼睛容易
49
阅读的”中文文章
5 13
Using simple exponential smoothing with alpha=.3, forecast the demand for period 6. Assume
that the forecast for Year 1 = 15. - (answers)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) - (answers)d
,A model with a positive mean forecast error suggests that, on average, the model underforecasts -
(answers)True
"Performance dimensions highly valued by customers that differentiate a company's products
and services from its competitors" is the definition of - (answers)order winners
A model with a positive mean forecast error suggests that, on average, the model underforecasts.
- (answers)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 - (answers)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 - (answers)Supply management
______________ is the purchased cost of goods from outside suppliers - (answers)COGS
你是想要一篇“眼睛容易
Flingers Inc. reveals the following information in their annual report for FY 2014.
阅读的”中文文章
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? - (answers)20
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? - (answers)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 -
(answers)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. - (answers)Industry analysis
One advantage of outsourcing is that it - (answers)increases the company's access to state-of-the-
art products and processes.
你是想要一篇“眼睛容易
阅读的”中文文章
A company would like to produce 500 products per week for 5 weeks.
The Direct Material Cost for the raw materials used in the product is $3.25 per product.
In order to start production, the company must purchase a special drill that costs $400.00 (this is
a One-Time purchase).
What is the Total Cost Per Product? - (answers)3.41 per product
