MAR3203 Exam 1 UCF with correct answers 100% 2025

MAR3203 Exam 1 UCF with correct answers 100% 2025 Who is the father of scientific management? - Correct Answer Frederick W. Taylor Competition in the 21st century is between ___________ and not companies. - Correct Answer Supply Chains Who believed by improving management the work environment would be better and quality will increase" - Correct Answer W. Edwards Deming Which of the following OM decisions determines how a good or service is produced and commits management to specific technology, quality, human resources, and capital investment? - Correct Answer process and capacity design Which of the following is NOT an OM strategy/issue during the growth stage of the product life cycle? - Correct Answer reduce capacity The stated purposed of NAFTA is to - Correct Answer phase out all trade and tariff barriers among Canada, Mexico, and the U.S. SWOT analysis refers to - Correct Answer strengths, opportunities, weaknesses, and threats. Which of the following is the purpose or rationale for an organization's existence? - Correct Answer mission. Ft - Correct Answer previous period's forecast a - Correct Answer smoothing constant At - Correct Answer previous periods actual demand MAD - Correct Answer actual-forecast/n What is a data pattern that repeats itself after a period of days, weeks, months, or quarters? - Correct Answer seasonality Which of the following is the FIRST step in a forecasting system? - Correct Answer Determine the use of the forecast. CPFR is - Correct Answer collaborative, planning, forecasting, and replenishment. Which forecasting model is based upon salespersons' estimates of expected sales? - Correct Answer sales force composite According to David Davies, the five key elements of good strategy are? - Correct Answer situation-specific, value driven, data informed, action biased, and collaberatively executed.