TTU ISQS 3344 Flamm - Exam 1 Review Questions and Answers 100% Solved

TTU ISQS 3344 Flamm - Exam 1 Review
Questions and Answers 100% Solved

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 Correct Answ_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 Correct Answ_b




Forecasts may be influenced by a product's position in its life cycle.

, a. True

b. False


c. Only when the product is 10 years old Correct Answ_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 Correct Answ_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