Questions and Answers | A+ Score
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Which of the following statements is NOT true?
A. When capacity is inadequate, customers can be lost.
B.When capacity is inadequate, market share can shrink.
C.When excess capacity exists, cost can increase.
D.When excess capacity exists, cost can decrease. - 🧠ANSWER
✔✔D.When excess capacity exists, cost can decrease.
Which of the following is a quantitative forecasting method?
A.exponential smoothing
B.jury of executive opinion
C.market survey
D.sales force composite - 🧠ANSWER ✔✔A.exponential smoothing
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,The forecasting time horizon that would typically be easiest to predict for
would be the
A.long range.
B.medium range.
C.short range.
D.intermediate range. - 🧠ANSWER ✔✔C.short range
What is a data pattern that repeats itself after a period of days, weeks,
months, or quarters?
A.trend
B.random variation
C.seasonality
D.cycle - 🧠ANSWER ✔✔C.seasonality
Which forecasting method considers several variables that are related to
the variable being predicted?
A.simple regression
B.weighted moving average
C.exponential smoothing
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STATEMENT. ALL RIGHTS RESERVED
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, D.multiple regression - 🧠ANSWER ✔✔D.multiple regression
The person who introduced standardized, interchangeable parts was -
🧠ANSWER ✔✔Eli Whitney
Which of the following activities at a commercial bank is not an operations
activity?
A.security
B.check clearing
C.maintenance
D.auditing - 🧠ANSWER ✔✔Auditing
Which of the following is NOT one of the three strategic approaches to
competitive advantage?
A.innovation
B.differentiation
C.response
D.cost leadership - 🧠ANSWER ✔✔innovation
Which of the following statements is incorrect about the mission?
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STATEMENT. ALL RIGHTS RESERVED
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