3 out of 3 points

Correct

An organization that would typically use a revenue management system is

Answer

Question 2

3 out of 3 points

Correct

For a non-bottleneck activity,

Answer

Question 3

3 out of 3 points

Correct

A focused factory is least likely to focus on

Answer

Selected Answer:

Question 4

3 out of 3 points

Correct

An entity in which idle capacity exists is called a ____.

Answer

Question 5

3 out of 3 points

Correct

Which of the following is not correct relating to bottleneck resources?

Answer

Question 6

3 out of 3 points

Correct

The capacity expansion approach that provides the most safety capacity is

Answer

Question 7

3 out of 3 points

Correct

Which of the following is a short-term capacity decision?

Answer

Question 8

3 out of 3 points

Correct

Referring to a Revenue Management System (RMS), which of the following is not a component?

Answer

Question 9

3 out of 3 points

Correct

Safety capacity or a capacity cushion is

Answer

Question 10

3 out of 3 points

Correct

The long-term capacity expansion strategy that can be called a capacity straddle strategy is

Answer

Question 11

3 out of 3 points

Correct

All the following are means to adjust short-term capacity except

Answer

Question 12

3 out of 3 points

Correct

A capacity straddle strategy is related to

Answer

Question 13

3 out of 3 points

Correct

C&M Machining is developing plans for a dedicated production line and needs to determine how many drill presses will be needed. Engineering estimates are that one drill press will be able to process 120 parts per hour. Daily demand is 2,400 parts. C&M operates one 8 hour shift per day. How many drill presses are needed to meet the capacity requirements?

Answer

Question 14

3 out of 3 points

Correct

According to the Theory of Constraints, ____ is the amount of money generated per time period through actual sales.

Answer

Question 15

3 out of 3 points

Correct

Average safety capacity (%) is computed as

Answer

Question 16

3 out of 3 points

Correct

A group of international experts published a set of principles of forecasting that includes all of the following except

Answer

Question 17

3 out of 3 points

Correct

____ forecasts are needed to plan for facility expansion.

Answer

Question 18

3 out of 3 points

Correct

For single exponential smoothing,

Answer

Question 19

3 out of 3 points

Correct

Which of the following is not one of the five characteristics of a time series?

Answer

Question 20

3 out of 3 points

Correct

The forecasting error measurement that is different in that the measurement scale factor is eliminated is

Answer

Question 21

3 out of 3 points

Correct

A(n) ____ is a one-time variation that is explainable.

Answer

Question 22

3 out of 3 points

Correct

____ forecasts are needed to plan work-force levels, allocate budgets among divisions and schedule jobs and resources.

Answer

Question 23

3 out of 3 points

Correct

Regular patterns in a data series that take place over long periods of time are called ____.

Answer

Question 24

3 out of 3 points

Correct

An R2 of 0.80 means

Answer

Question 25

3 out of 3 points

Correct

Which of the following does not fit with the Delphi method?

Answer

question 26

3 out of 3 points

Correct

All of the following are important concepts in forecasting except

Answer

Question 27

3 out of 3 points

Correct

Which of the following is not a valid approach to gathering data for judgmental forecasting?

Answer

Question 28

3 out of 3 points

Correct

Which is not true regarding simple exponential smoothing?

Answer

Question 29

3 out of 3 points

Correct

A moving average model works best when ____ in the time series.

Answer

Question 30

3 out of 3 points

Correct

Which of the following is not a statistical method?

Answer