generel data quiz

Question # 00005226 Posted By: spqr Updated on: 12/12/2013 06:36 PM Due on: 12/30/2013
Subject General Questions Topic General General Questions Tutorials:
Question
Dot Image

1.

Question :

(TCO 5) What is the forecast for May, based on a weighted moving average applied to the following past-demand data and using the weights of 3, 2, and 1 (largest weight is for most recent data)?

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

91

140

98

110

123

101

Student Answer:

44.1

110.7

108.8

109.83

Instructor Explanation:

W/M/A = [(3 x 101) + (2 x 123) + (1 x 110)]/6 = [303 + 246 + 110]/6 = 659/6 = 109.83 (See Formula 4-2 & example that follows, Chapter 4, pages 137-139)

Points Received:

0 of 3

Comments:

2.

Question :

(TCO 5) In May, the actual product demand was 195 units. For this month, 200 units had been forecasted. Using exponential smoothing with an alpha of 0.3, determine the June forecast.

Points Received:

3 of 3

Comments:

3.

Question :

(TCO 5) Weekly sales of 10-grain bread at the local Whole Foods Market are in the table below. Based on this data, forecast Week 9 using a 3-week moving average.

Week

Demand

1

415

2

389

3

420

4

382

5

410

6

432

7

380

8

420

Student Answer:

407.3

422.8

380.22

410.66

Instructor Explanation:


Points Received:

3 of 3

Comments:

4.

Question :

(TCO 7) Which of the following helps operations managers focus on the trivial few and the critical many?

Student Answer:

Value analysis

Value engineering

Financial analysis

Product-by-value analysis

None of the above

Instructor Explanation:

Chapter 5, page 156

Points Received:

0 of 3

Comments:

5.

Question :

(TCO 7) Which of the following moments of truth exemplifies the customer's standard expectations?

Student Answer:

Your advisor made you wait, even though you had an appointment.

You had to visit once to reach your academic advisor.

Your advisor was competent, helpful, and understanding.

Your advisor failed to keep his or her appointment with you

Instructor Explanation:

Figure 5.13, Chapter 5, page 175

Points Received:

0 of 3

Comments:

6.

Question :

(TCO 7) Forecasts are usually classified by time horizon into three categories. What are they?

Student Answer:

=

Short-range, medium-short, and long-range

Finance/accounting, marketing, and operations

Strategic, tactical, and operational

Exponential smoothing, regression, and time series

Long-range, medium-range, and short-range

Instructor Explanation:

Chapter 3, page 104

Points Received:

0 of 3

Comments:

7.

Question :

(TCO 7) Which of the following does not make products more environmentally friendly?

Student Answer:

Using less materials

Less recycled materials

Using less energy

Ability to recycle product

All of the above

Instructor Explanation:

Chapter 5, page 166

Points Received:

0 of 3

Comments:

8.

Question :

(TCO 7) Reducing costs by using existing or standard components is part of _____.

Student Answer:

specialized components on each project

putting each product into a separate group

increasing raw material purchases

the ability to recycle product

group technology

Instructor Explanation:

Chapter 5, page 172

Points Received:

3 of 3

Comments:

9.

Question :

(TCO 5) What is the fundamental difference between cycles and seasonality?

Student Answer:

How often the patterns are changed

Magnitude of the variation

Ability to attribute the pattern to a cause

All of the above

None of the above

Instructor Explanation:

Chapter 4, page 108

Points Received:

0 of 3

Comments:

10.

Question :

(TCO 6) Which of these statements best describes computer-aided design (CAD)?

Student Answer:

It is the interactive use of computers to design a product and prepare engineering documentation.

The use of special computer programs to direct and control manufacturing equipment.

It is the ability to depict objects in three-dimensional form.

It is a visual form of communication in which images substitute for the real thing.

Instructor Explanation:

Chapter 5, page 164

Points Received:

0 of 3

Comments:

Page:

12

* Times are displayed in (GMT-07:00) Mountain Time (US & Canada)

Continue part 2

1.

Question :

(TCO 7) Identify the specific guidelines that can help an operations manager achieve environmentally friendly designs.

Student Answer:

Instructor Explanation:

Points Received:

0 of 6

Comments:

Read page 167

2.

Question :

(TCO 7) List the five advantages of successful implementation of group technology.

Student Answer:

Instructor Explanation:

Points Received:

6 of 6

Comments:

3.

Question :

(TCO 5) Describe the differences between moving averages and exponential smoothing.

Points Received:

6 of 6

Comments:

4.

Question :

(TCO 5) Describe the three forecasting time horizons and identify the benefits of using each.

Student Answer:

Instructor Explanation:

Points Received:

6 of 6

Comments:

5.

Question :

(TCO 6) What are the differences between value analysis and value engineering?

Student Answer:

Instructor Explanation:

Points Received:

6 of 6

Comments:

Page:

12

* Times are displayed in (GMT-07:00) Mountain Time (US & Canada)


Dot Image
Tutorials for this Question
  1. Tutorial # 00005071 Posted By: spqr Posted on: 12/13/2013 01:06 PM
    Puchased By: 2
    Tutorial Preview
    The solution of general business data bank...
    Attachments
    alllllll_answer.docx (92.04 KB)

Great! We have found the solution of this question!

Whatsapp Lisa