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DeVry University
Keller School of management
Foundations in Global Supply Chain Mgmt
 
 
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
  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
  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
  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
        Less than 3 months
        One year
  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
  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
  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
  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
  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
  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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