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MGT613-Production / Operation Management Quiz No.01 Solutions and Discussions Due Date Nov28-2013 11:59 PM

Opening Date Nov 27, 2013 12:00 A

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Please all students related this subject Share your online Quizzes here to help each other.thanks

 

Please share the question and their answers of this quiz if anyone has done.
Thanks. 

All of the following are examples of Qualitative forecasting except:
Select correct option:
Judgmental
Delphi Method
Consumer Survey
Naïve Forecasting

Which one of the following is NOT used for decision making under uncertainty?
Select correct option:
Maximax
Mmaximin
Mminimax regret
EMV criterion

The operational strategy must be in line with the:
Select correct option:
Department goals
Organizational goals
Management goals
None of the above

Following are all examples of distinctive competencies EXCEPT;
Select correct option:
Price
Quality
Planning
Flexibility

Which one of the following is not the property of the Naïve forecast?
Select correct option:
Simplicity of usage
Costly
Quick and easy to prepare
Easily understandable

A gradual, long term upward or downward movement in data is referred to as:
Select correct option:
Cycle
Trend
Seasonality
Random variation

Which one of the following formulae can be used to compute value?
Select correct option:
(Quality + Speed – Flexibility) / Cost
(Quality + Speed+ Flexibility) / Cost
(Quality + Speed - Cost) / Flexibility
(Quality + Speed+ Cost) / Flexibility

The method that uses explanatory variables to predict the future is known as:
Select correct option:
Delphi method
Naïve forecast
Associative model
Judgmental forecast

Which one of the following strategies specifies how the firm will employ its production capabilities to support its corporate strategy?
Select correct option:
Tactical
Operations
Manufacturing
Production

Units of output per shift is:
Select correct option:
Energy Productivity
Machine Productivity
Labor Productivity
Capital Productivity

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