WVU BCOR 360 EXAM 1 QUESTIONS AND ANSWERS

WVU BCOR 360 EXAM 1
QUESTIONS AND ANSWERS

, 1. Which of the following innovators/management gurus Frederick Taylor
was responsible for the scientific method?

2. Appropriate, well-timed, and well-managed inspection False
can make a bad product into a good one.

3. One of the first rules of forecasting is that your forecast true
is almost always wrong.

4. Which of the following is not a critical design decision? Forecasting
Product Design
Process Design
Facility Location
Forecasting

5. Which of the following approaches can help you miti- Obtain and use the best,
gate the challenges of poor forecasts? most recent information
available

6. Which of the following accurately describe the bull- The bullwhip ettect ar-
whip effect? gues that small changes
in retail-level demand get
magnified as they ripple
upstream toward suppli-
ers.

7. Which of the following are ways to manage the fact Build capacity for peak de-
that services are perishable—i.e., they cannot be in- mand and live with excess
ventoried? capacity during ott-peak
demand

8. True



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