QDM Questions And Answers 2024 Study Solutions Rated A+
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QDM Questions And Answers 2024 Study Solutions Rated A+
Which of the following statements is NOT true?
A. When capacity is inadequate, customers can be lost.
B. When capacity is inadequate, market share can shrink.
C. When excess capacity exists, cost can increase.
D. When excess capacity exis...
QDM Questions And Answers 2024 Study Solutions
Rated A+
Which of the following statements is NOT true?
A. When capacity is inadequate, customers can be lost.
B. When capacity is inadequate, market share can shrink.
C. When excess capacity exists, cost can increase.
D. When excess capacity exists, cost can decrease. ANS D. When excess capacity exists, cost can decrease.
Which of the following is a quantitative forecasting method?
A. exponential smoothing
B. jury of executive opinion
C. market survey
D. sales force composite ANS A. exponential smoothing
The forecasting time horizon that would typically be easiest to predict for would be the
A.long range.
B.medium range.
C.short range.
D.intermediate range. ANS C.short range
What is a data pattern that repeats itself after a period of days, weeks, months, or quarters?
A.trend
B.random variation
C.seasonality
D.cycle ANS C.seasonality
Which forecasting method considers several variables that are related to the variable being predicted?
A.simple regression
B.weighted moving average
C.exponential smoothing
, D.multiple regression ANS D.multiple regression
The person who introduced standardized, interchangeable parts was ANS Eli Whitney
Which of the following activities at a commercial bank is not an operations activity?
A.security
B.check clearing
C.maintenance
D.auditing ANS Auditing
Which of the following is NOT one of the three strategic approaches to competitive advantage?
A.innovation
B.differentiation
C.response
D.cost leadership ANS innovation
Which of the following statements is incorrect about the mission?
A.The mission statement provides the concept around which the firm can rally.
B.The mission states that rationale for the organization existence.
C.Each fundamental area within the firm cannot develop its own supporting mission.
D.The mission statement provides boundaries and focus for organizations. ANS Each fundamental area
within the firm cannot develop its own supporting mission.
Which of the following will increase labor productivity? ANS increase production outputs while decrease
the labor inputs
Which of the following activity is not part of project scheduling?
A.Chart separate schedules for personnel needs by type of skill and material needs.
B.Decides how long each activity will take.
C.Make sure all necessary activities are finished in proper sequence and on time.
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