Liberty BUSI411 Exam 1 2019

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Question 1

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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.

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