GSC 5680 Chp 10 Exam Questions With Complete Answers

GSC 5680 Chp 10 Exam Questions With Complete Answers




Which of the following are common causes for stockouts?

a. Poor forecast accuracy; i.e., underestimate demand

b. Shipping issues that delay product arrival

c. Parts shortages that limit production

d. Excess warehouse capacity

e. Only A, B, & C - ANSWER e. Only A, B, & C




Which of the following is a cost associated with stockouts?

a. Lost revenues

b. Holding costs

c. Goodwill and reputation

d. Follow-on business

e. Only A, C, & D - ANSWER e. Only A, C, & D




Which of the following is a cost associated with overstock situations?

a. Opportunity costs

b. Holding costs

c. Markdown costse. All of the above

d. Disposal costs

, e. All of the above - ANSWER e. All of the above




Which of the following is a cost associated with overstock situations?

a. Opportunity costs

b. Holding costs

c. Markdown costs

d. Goodwill and reputation

e. Only A, B, & C - ANSWER e. Only A, B, & C




If your data fluctuates around a consistent mean, you have a ___________ pattern.

a. Level

b. Trend

c. Seasonal

d. Cyclical - ANSWER a. Level




If you look at a plot of your data, and see an upward or downward pattern, your data is
revealing a ___________ pattern.

a. Level

b. Trend

c. Seasonal

d. Cyclical - ANSWER c. Seasonal