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Week 2 : Forecasting and Strategic Capacity Management – Quiz

DeVry University

Keller School of management

Foundations in Global Supply Chain Mgmt

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Week 2 : Forecasting and Strategic Capacity Management – Quiz

Question 1.1.??(TCO 5) In most cases, demand for products or services can be broken down into several components. Which of the following is not considered a component of demand???(Points : 3)

??????????????Average demand for a period
??????????????
A trend
??????????????
Seasonal elements
??????????????
Past data
??????????????
Autocorrelation

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Question 2.2.??(TCO 5) In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand???(Points : 3)

??????????????Cyclical elements
??????????????
Future demand
??????????????
Past demand
??????????????
Inconsistent demand
??????????????
Level demand

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Question 3.3.??(TCO 5) Which of the following forecasting methodologies is considered a time series forecasting technique???(Points : 3)

??????????????Simple moving average
??????????????
Market research
??????????????
Leading indicators
??????????????
Historical analogy
??????????????
Simulation

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Question 4.4.??(TCO 5) In business forecasting, what is usually considered a short-term time period???(Points : 3)

??????????????Four weeks or less
??????????????
More than 3 months
??????????????
Six months or more
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Less than 3 months
??????????????
One year

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Question 5.5.??(TCO 5) In business forecasting, what is usually considered a long-term time period???(Points : 3)

??????????????Three months or longer
??????????????
Six months or longer
??????????????
One year or longer
??????????????
Two years or longer
??????????????
Ten years or longer

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Question 6.6.??(TCO 5) Which of the following forecasting methods can be used for short-term forecasting???(Points : 3)

??????????????Simple exponential smoothing
??????????????
Delphi technique
??????????????
Market research
??????????????
Hoskins-Hamilton smoothing
??????????????
Serial regression

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Question 7.7.??(TCO 5) Capacity planning involving acquisition or disposal of fixed assets, such as buildings, equipment, or facilities, is considered as which one of the following planning horizons???(Points : 3)

??????????????Intermediate-range
??????????????
Long-range
??????????????
Short-range
??????????????
Current
??????????????
Upcoming

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Question 8.8.??(TCO 5) If the actual output of a piece of equipment during an hour is 500 units and it’s best operating level is at a rate of 400 units per hour, which of the following is the capacity utilization rate???(Points : 3)

??????????????0.75
??????????????
1.00
??????????????
1.25
??????????????
1.33
??????????????
100

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Question 9.9.??(TCO 5) The way to build greater flexibility in your workers is to do which of the following???(Points : 3)

??????????????Pay higher wages to motivate a willingness to do a variety to tasks
??????????????
Provide a broader range of training
??????????????
Provide a wide variety of technology to augment workers skills
??????????????
Institute a “pay for skills” program
??????????????
Use part-time employees with specialized skills as needed

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Question 10.10.??(TCO 5) Which of the following models uses a schematic model of the sequence of steps in a problem and the conditions and consequences of each step???(Points : 3)

??????????????Probability indexing
??????????????
Johnson’s sequencing rule
??????????????
Decision trees
??????????????
Activity System Maps
??????????????
Decision mapping

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