QMB3200 Exam Newest 2025/2026 Complete Exam Questions And Correct Answers (Verified Answers) |Already Graded A+

QMB3200 Exam Newest 2025/2026 Complete Exam Questions And Correct Answers (Verified Answers) |Already Graded A+ Which of the following statements regarding a time series technique is true? - Answer- Time series techniques focus on the historical behavior of some outcome of interest to predict its future behavior. Which time series technique predicts a future value by combining the previous prediction and some portion of the error in the prediction? - Answer- Simple exponential smoothing Which of the following correlation coefficient values represents the strongest positive correlation between two factors in a data set? - Answer- r-=0.931 It is NOT possible for a forecast to be both responsive and inaccurate. - Answer- False In a time series, what is a black swan? - Answer- a particularly high-impact incident of extreme consequence that is unexpected or considered highly improbable Calculating a regression equation for a given set of data identifies the specific values of ____ - Answer- the slope and intercept Averaging forecast errors over time results in the performance measure known as *****? - Answer- mean error What is the ME for the forecast errors of 5, 10, 0, and -3? - Answer- 3 one-time shocks to a time series from a distinctly external influence, such as a sudden dip in consumer sales after a disruptive event, are called ____ variations - Answer- exogenous Several forecasting methods rely on insights from a group of people, but which method does NOT have the group discuss their opinions? - Answer- Delphi Groups Which of the following forecasting measures calculates the average of the absolute values of a set of forecast errors? - Answer- MAD The alpha value (o) in the exponential smoothing formula is known as the - Answer- smoothing constant Queue________ specifies the order in which waiting arrivals are serve. - Answer- Discipline The break-even point is the level of production at which - Answer- total revenue and costs are balanced ___________ cost is cost incurred regardless of the volume of associated activity. - Answer- Fixed Effective capacity of a system is expected to be more than its design capacity - Answer- false The _________ distribution describes the likelihood of a particular number of independent events within a particular interval. - Answer- Poisson All of the following are disadvantages of a conservative capacity strategy EXCEPT - Answer- competitors have less incentive and opportunity to enter the marketplace. Capacity can refer to a single machine or to an entire supply chain network - Answer- True Chicago's new city buses are intended to hold 60 people. This is a measurement of the ________ of the buses. - Answer- design capacity is a labeling system established in the 1950s for classifying waiting line models according to their initial assumptions. - Answer- kendall notation Marylee told the customer service rep that had been waiting for half an hour in line, but she had actually only been waiting 15 minutes. Marylee's stated waiting time was ____________time. - Answer- Perceived Naper Publishing required warehousing and shipping services for its books, so it hired Independent Publishing Group to provide the services. This is an example of ______. - Answer- subcontracting In the M/M/1 model, ____________ represents the average number of services that can be completed in a designated time interval. - Answer- u An ability that distinguishes a business from its competitors is a - Answer- core competency CHAPTER 7&9 - Answer- Among the supply chain frameworks that companies may use for reference, metrics, and standardization, the SCOR model generally works best for? - Answer- tangible goods providers Which is one of the objectives of a spend analysis? - Answer- to determine whether any goods or services would benefit from consolidation into larger categories of purchasing. One way of evaluating supply chain performance is a krajic matrix, which helps with - Answer- supplier positioning What are the most two commonly used tender evaluation methods? - Answer- linear averaging and lowest price Multiple suppliers, manufacturers, and/or service providers may be involved in any product, with each business relying on other suppliers and providers. This is an example of . - Answer- a supply chain Which organizational structure is often adopted by organizations using a decentralized organizational policy? - Answer- matrix structure Frank works for a paper company that supplies paper to greeting card manufacturers. In this scenario, his company participates in ___________ sales. - Answer- B2B