MGT613 Quiz No. 02, Dec 07 to Dec 09, 2016
Here goes my 2nd Quiz.
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Which one of the following is a curve showing failure rate over time?
*Bath tub curve
Fish bone diagram
Which one of the following is NOT a business application of forecasting?
In operations management the time required to react appropriately to a competitor’s strategies or technology up gradation is called:
As a manager, you have defined the purpose of the forecasts. What should be the next step in forecasting process?
Collecting and analyzing the appropriate data
*Determining the purpose of the forecast
Choosing a forecasting technique
Setting up a time horizon or a time limit
Which one of the following management functions is based on forecasting?
Services differ from manufacturing in all the following ways EXCEPT:
Customers typically interact directly with the service delivery process
Consumption and production take place simultaneously.
Services are intangible.
*Services can be stored.
Which one of the following is a measure of productivity that involves measuring inputs and outputs using a common unit of measurement?
The type of processing structure that is used for producing discrete products at higher volume is:
A term strategy is referred to as
The goal that is to be achieved
A functional area of the firm
*An action plan to achieve a mission
The purpose for which an organization is established
“Business forecasting is only used for predicting demand”. This statement is
None of the above
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