OPPRE 3310 QUIZZES 1-3 EXAM 1 REVIEW
QUESTIONS AND ANSWERS RATED A.
1. A project job had been forecast to take 12 months and an estimated
41,600 man hours of work. How many persons working one shift would
be needed to complete this project?
a. 5
b. 10
c. 20
d. 25
e. 30
Verified Answer -c. 20
2. What two aspects of Forecasts are most important?
a. Expected level of demand and degree of accuracy
b. Supply and Demand
c. Anticipated cost and amount of time to collect data
d. Time period horizon and amount of variation
e. Degree of nervousness and amount of uncertainty
Verified Answer -a. Expected level of demand and degree of accuracy
3. Inaccurate forecasts for the Supply Chain can lead to;
a. Shortages and excesses
b. Missed deliveries
c. Work disruptions
d. Poor customer service
,e. All of the above
Verified Answer -e. All of the above
4. Supply Chain forecast accuracy can be improved through collaboration
and information sharing among business partners. One of the best ways
to improve demand and supply communication is through;
a. MAD
b. MSE
c. MAPE
d. CPFR
e. SPC
Verified Answer -d. CPFR
5. Executive opinions, salesforce opinions, consumer surveys and the
Delphi method are all examples of;
a. Quantitative forecasting
b. Qualitative forecasting
c. Time-series forecasts
d. Associative models
e. Trend and Cycles forecasting
Verified Answer -b. Qualitative forecasting
6. A linear trend equation where a is the value of F(t) at t = o and b is the
slope of the line has the
form of;
a. F(t) = a + bt
b. F(t) = 2b + at
, c. F(t) = ab + bt
d. F(t) = at + bt
e. F(t) = a + b
Verified Answer -a. F(t) = a + bt
7. Analysis of time-series data requires the analyst to identify the
underlying behavior of the series. This can often be accomplished simply
by merely;
a. Using Excel spreadsheet analysis
b. Plotting the data and visually examining the plot
c. Collecting data and conducting pareto analysis
d. Ascertaining degree of variation and amount of randomness
e. None of the above
Verified Answer -b. Plotting the data and visually examining the plot
1. What is the labor productivity for a company that produces 400 cases
canned peaches in one-half hour with 4 workers.
a. 50 cases/hour
b. 100 cases/hour
c. 150 cases/hour
d. 200 cases/hour
e. 250 cases/hour
Verified Answer -d. 200 cases/hour
2. The three primary business strategies are;
a. Cost, quality and cycle time
QUESTIONS AND ANSWERS RATED A.
1. A project job had been forecast to take 12 months and an estimated
41,600 man hours of work. How many persons working one shift would
be needed to complete this project?
a. 5
b. 10
c. 20
d. 25
e. 30
Verified Answer -c. 20
2. What two aspects of Forecasts are most important?
a. Expected level of demand and degree of accuracy
b. Supply and Demand
c. Anticipated cost and amount of time to collect data
d. Time period horizon and amount of variation
e. Degree of nervousness and amount of uncertainty
Verified Answer -a. Expected level of demand and degree of accuracy
3. Inaccurate forecasts for the Supply Chain can lead to;
a. Shortages and excesses
b. Missed deliveries
c. Work disruptions
d. Poor customer service
,e. All of the above
Verified Answer -e. All of the above
4. Supply Chain forecast accuracy can be improved through collaboration
and information sharing among business partners. One of the best ways
to improve demand and supply communication is through;
a. MAD
b. MSE
c. MAPE
d. CPFR
e. SPC
Verified Answer -d. CPFR
5. Executive opinions, salesforce opinions, consumer surveys and the
Delphi method are all examples of;
a. Quantitative forecasting
b. Qualitative forecasting
c. Time-series forecasts
d. Associative models
e. Trend and Cycles forecasting
Verified Answer -b. Qualitative forecasting
6. A linear trend equation where a is the value of F(t) at t = o and b is the
slope of the line has the
form of;
a. F(t) = a + bt
b. F(t) = 2b + at
, c. F(t) = ab + bt
d. F(t) = at + bt
e. F(t) = a + b
Verified Answer -a. F(t) = a + bt
7. Analysis of time-series data requires the analyst to identify the
underlying behavior of the series. This can often be accomplished simply
by merely;
a. Using Excel spreadsheet analysis
b. Plotting the data and visually examining the plot
c. Collecting data and conducting pareto analysis
d. Ascertaining degree of variation and amount of randomness
e. None of the above
Verified Answer -b. Plotting the data and visually examining the plot
1. What is the labor productivity for a company that produces 400 cases
canned peaches in one-half hour with 4 workers.
a. 50 cases/hour
b. 100 cases/hour
c. 150 cases/hour
d. 200 cases/hour
e. 250 cases/hour
Verified Answer -d. 200 cases/hour
2. The three primary business strategies are;
a. Cost, quality and cycle time
