Liberty BUSI411 Exam 1 2019 Question # 00598526 Subject: Education Due on: 02/25/2019 Posted On: 02/25/2019 04:53 AM Tutorials: 1 Rating: 4.8/5

Question 1

Which of the following is essential to consider with respect
to managing a process to meet demand?

Question 2

If one organization is better able than most to respond to
changes in demands or opportunities, we say that organization exhibits higher:

Question 3

Which of the following is not a benefit of using models in
decision making?

Question 4

Supplying operations with parts and materials, performing
work on products, and/or performing services are part of the firm’s:

Question 5

Marketing 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 6

Increasing the service offered to the customer makes it more
difficult to compete on the basis of:

Question 7

In 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 8

Which of the following would be least important in the
pursuit of a time-based strategy?

Question 9

Which of these factors would be least likely to affect
productivity?

Question 10

The external elements of SWOT analysis are:

Question 11

Which of the following features would not generally be
considered common to all forecasts?

Question 12

A managerial approach toward forecasting which seeks to
actively influence demand is:

Question 13

The 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 Visits

April 100

May 140

June 110

July 150

August 120

September 160

What is this month’s forecast using the naive approach?

Question 14

The 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 Enrollment

Four years ago 2000

Three years ago 2200

Two years ago 2800

Last year 3000

What is this year’s forecast using the naive approach?

Question 15

Given 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 16

Making plans for how products that have reached the end of
their useful lives will be dealt with is the primary subject of:

Question 17

Products or services with a high degree of similarity of
features and components are called:

Question 18

Product life cycle management (PLM) incorporates all of the
following except:

Question 19

Excitement characteristics are categories in the _________
model.

Question 20

Designing for recycling helps facilitate:

Question 21

Goods-producing organizations are not involved in service
activities.

Question 22

Competitiveness relates to the profitability of an
organization in the marketplace.

Question 23

A tracking signal focuses on the ratio of cumulative
forecast error to the corresponding value of MAD.

Question 24

Many U.S. manufacturers are now shifting their focus from
products to both product and process improvements.

Question 25

A disadvantage of standardization is the possibility of
standardizing designs too early, which may make them difficult to modify in the
future.