# Liberty BUSI411 Exam 1 2019

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

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

Answer: They serve as a consistent tool for evaluation.

## 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?

a. 90 chairs/worker/day
b. 20 chairs/worker/day
c. 15 chairs/worker/day
d. 75 chairs/worker/day
e. none of the above

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

Answer: Historical data is available on which to base the forecast.

## 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?

## 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?

## 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:

Answer: Given a previous actual demand of 105, a forecasted value of 97, and an α of . 4, the simple exponential smoothing forecast for the next period would be: 100.2.