TTU ISQS 3344 FLAMM - LATEST
EXAM 1 REVIEW
What is a core competency that enables Walmart to compete on cost?
a. Large number of stores
b. Lower level product quality
c. Each store has its own purchasing department
d. Bulk purchases - ANSWERS-d
What would be a good core competency to compete on flexibility?
Select an answer and submit. For keyboard navigation, use the up/down
arrow keys to select an answer.
a. union workers
b. Workers that have many skills
c. Strict rules against job training
d. Strong upper management team - ANSWERS-b
Forecasts may be influenced by a product's position in its life cycle.
a. True
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, TTU ISQS 3344 FLAMM - LATEST
EXAM 1 REVIEW
b. False
c. Only when the product is 10 years old - ANSWERS-a
What is the forecast for May using a four-month moving average?
Nov. 39
Dec. 36
Jan. 40
Feb 42
Mar 48
April 46 - ANSWERS-44
John's House of Pancakes uses a weighted moving average method to
forecast pancake sales. It assigns a weight of 5 to the previous month's
demand, 3 to demand two months ago, and 1 to demand three months
ago. If sales amounted to 1000 pancakes in May, 2200 pancakes in June,
and 3000 pancakes in July, what should be the forecast for August?
a. 2400
b. 2511
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2
EXAM 1 REVIEW
What is a core competency that enables Walmart to compete on cost?
a. Large number of stores
b. Lower level product quality
c. Each store has its own purchasing department
d. Bulk purchases - ANSWERS-d
What would be a good core competency to compete on flexibility?
Select an answer and submit. For keyboard navigation, use the up/down
arrow keys to select an answer.
a. union workers
b. Workers that have many skills
c. Strict rules against job training
d. Strong upper management team - ANSWERS-b
Forecasts may be influenced by a product's position in its life cycle.
a. True
END OF
PAGE
1
, TTU ISQS 3344 FLAMM - LATEST
EXAM 1 REVIEW
b. False
c. Only when the product is 10 years old - ANSWERS-a
What is the forecast for May using a four-month moving average?
Nov. 39
Dec. 36
Jan. 40
Feb 42
Mar 48
April 46 - ANSWERS-44
John's House of Pancakes uses a weighted moving average method to
forecast pancake sales. It assigns a weight of 5 to the previous month's
demand, 3 to demand two months ago, and 1 to demand three months
ago. If sales amounted to 1000 pancakes in May, 2200 pancakes in June,
and 3000 pancakes in July, what should be the forecast for August?
a. 2400
b. 2511
END OF
PAGE
2
