OSC Homework Questions With Complete Solutions
1 76
2 85
3 85
4 106
Using the Moving Average forecasting method, calculate the 4-
day moving average forecast for the number of customers on
day 5. Correct Answers 88
A company's business strategy sets the broad guidelines for what
the company will be doing for the near future (the next 6 to 18
months), the mid-range future (the next 2 to 5 years), and the
distant future (5 or more years from the present).
True
False Correct Answers True
A fixed-period inventory review system is also called
Continuous
Declining
Periodic
Accelerating
Aggregate Correct Answers Periodic
According to the "Brief History of RFID" Article, when did
RFID become a commonplace and begin to be used widely by
companies & consumers globally?
1990s
2010s
1970s
, 2000s
1980s Correct Answers 1990s
An example of this is when an employee of Pepsi visits a
grocery store and stocks the allotted shelf space with Pepsi
products.
Controlled inventory
Electronic data inventory
Allotted inventory
Contracted inventory
Vendor-managed inventory Correct Answers Vender managed
inventory
Charlie is a materials manager for a clothing manufacturer. He is
required to order materials and keep adequate inventory for
production. While reviewing his purchase orders from the
previous year, his supervisor discovers that Charlie's forecasts
are consistently higher than the actual demand. This is an
example of:
Bias Error
Causal Error
Random Error
Seasonality Correct Answers Bias Error
Co-production happens more in which scenario?
Services
Products
Manufacturing Correct Answers Services
Consider a store that buys a chocolate and caramel candy bar for
$1 (the bar is then sold at retail for $1.50). Annual demand is
1 76
2 85
3 85
4 106
Using the Moving Average forecasting method, calculate the 4-
day moving average forecast for the number of customers on
day 5. Correct Answers 88
A company's business strategy sets the broad guidelines for what
the company will be doing for the near future (the next 6 to 18
months), the mid-range future (the next 2 to 5 years), and the
distant future (5 or more years from the present).
True
False Correct Answers True
A fixed-period inventory review system is also called
Continuous
Declining
Periodic
Accelerating
Aggregate Correct Answers Periodic
According to the "Brief History of RFID" Article, when did
RFID become a commonplace and begin to be used widely by
companies & consumers globally?
1990s
2010s
1970s
, 2000s
1980s Correct Answers 1990s
An example of this is when an employee of Pepsi visits a
grocery store and stocks the allotted shelf space with Pepsi
products.
Controlled inventory
Electronic data inventory
Allotted inventory
Contracted inventory
Vendor-managed inventory Correct Answers Vender managed
inventory
Charlie is a materials manager for a clothing manufacturer. He is
required to order materials and keep adequate inventory for
production. While reviewing his purchase orders from the
previous year, his supervisor discovers that Charlie's forecasts
are consistently higher than the actual demand. This is an
example of:
Bias Error
Causal Error
Random Error
Seasonality Correct Answers Bias Error
Co-production happens more in which scenario?
Services
Products
Manufacturing Correct Answers Services
Consider a store that buys a chocolate and caramel candy bar for
$1 (the bar is then sold at retail for $1.50). Annual demand is
