13 Apr Question 1Which of the following is essential to c
Question 1Which of the following is essential to consider with respect to managing a process to meet demand?Question 2If one organization is better able than most to respond to changes in demands or opportunities, we say that organization exhibits higher:Question 3Which of the following is not a benefit of using models in decision making?Question 4Supplying operations with parts and materials, performing work on products, and/or performing services are part of the firm’s:Question 5Marketing personnel and product designers must work closely with operations to successfully develop and produce new products because operations personnel can best judge how _____________ new product designs will be.Question 6Increasing the service offered to the customer makes it more difficult to compete on the basis of:Question 7In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per five-day week. What is the labor productivity of this operation?Question 8Which of the following would be least important in the pursuit of a time-based strategy?Question 9Which of these factors would be least likely to affect productivity?Question 10The external elements of SWOT analysis are:Question 11Which of the following features would not generally be considered common to all forecasts?Question 12A managerial approach toward forecasting which seeks to actively influence demand is:Question 13The owner of Darkest Tans Unlimited in a local mall is forecasting this month’s (October’s) demand for the one new tanning booth based on the following historical data:Month Number of VisitsApril 100May 140June 110July 150August 120September 160What is this month’s forecast using the naive approach?Question 14The dean of a school of business is forecasting total student enrollment for this year’s summer session classes based on the following historical data:Year EnrollmentFour years ago 2000Three years ago 2200Two years ago 2800Last year 3000What is this year’s forecast using the naive approach?Question 15Given an actual demand of 105, a forecasted value of 97, and an alpha of .4, the simple exponential smoothing forecast for the next period would be:Question 16Making plans for how products that have reached the end of their useful lives will be dealt with is the primary subject of:Question 17Products or services with a high degree of similarity of features and components are called:Question 18Product life cycle management (PLM) incorporates all of the following except:Question 19Excitement characteristics are categories in the _________ model.Question 20Designing for recycling helps facilitate:Question 21Goods-producing organizations are not involved in service activities.Question 22Competitiveness relates to the profitability of an organization in the marketplace.Question 23A tracking signal focuses on the ratio of cumulative forecast error to the corresponding value of MAD.Question 24Many U.S. manufacturers are now shifting their focus from products to both product and process improvements.Question 25A disadvantage of standardization is the possibility of standardizing designs too early, which may make them difficult to modify in the future.
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