Exam 2 Key B - EXAMINATION 2, Version B Use a Scantron Form...

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Use a Scantron Form No. 886-E to record your choice of the best answer to each of the following questions. You have the full period to answer the questions. The following questions are worth three (3) points each . 1. Forecasts are more accurate for individual items than for groups or families of items. a) True b) False 2. Capacity planning is complicated by the fact that capacity is usually purchased in chunks, rather than smooth increments. a) True b) False 3. In product layouts, the material moves continuously and uniformly through a series of workstations until the product is completed. a) True b) False 4. A single-line service system eliminates jockeying behavior. a) True b) False 5. Problem-solving teams are small groups of employees who meet to identify, analyze, and solve operational problems. a) True b) False 6. Qualitative forecasting methods a) are made objectively by the forecaster b) are made subjectively by the forecaster c) are made using existing data sources d) are based on mathematical models e) are only used in parallel with quantitative models 7. Which of the following is not considered to be one of the four basic patterns of time series data? a) Horizontal b) Trend c) Vertical d) Seasonality e) Cycle 8. For what is a tracking signal used? a) To identify trends in actual data b) To identify seasonality in actual data c) To identify the effect of business cycles on actual data d) To compute the value of the smoothing constant, α , for exponential smoothing e) To identify forecast bias 9. Consider the demand data listed below. What is the 4-month moving average forecast for June? Month
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This note was uploaded on 10/17/2011 for the course MNGT 368 taught by Professor Curthurds during the Spring '08 term at Nicholls State.

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Exam 2 Key B - EXAMINATION 2, Version B Use a Scantron Form...

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