Mgsc 395 exam 3 - Study guides, Class notes & Summaries
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MGSC 395 Exam 3 Questions With Correct Answers
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forecast - Answer a prediction of future events used for planning purposes 
 
time series - Answer the repeated observations of demand for a service or product in their order of occurrence 
 
time series pattern: horizontal - Answer nearly flat over time 
 
time series pattern: trend - Answer consistently rising or falling 
 
time series pattern: seasonal - Answer varies in a repeatable pattern over seasons 
 
time series pattern: cyclical - Answer less predictable than seasonal, longer cycle th...
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MGSC 395 Exam 3, Precht Complete Questions And Answers 2024
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MGSC 395 Exam 3, Precht Complete Questions And Answers 2024
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MGSC 395 EXAM 3 Questions And Answers With Verified Solutions
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MGSC 395 EXAM 3 Questions And Answers With Verified Solutions 
 
MGSC 395 EXAM 3 Questions And Answers With Verified Solutions
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MGSC 395 EXAM 3 LATEST 2024 SOLUTIONS RATED A
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MGSC 395 EXAM 3 LATEST 2024 
SOLUTIONS RATED A
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MGSC 395 Exam 3, Precht Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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a prediction of future events used for planning purposes 
: forecast 
the repeated observations of demand for a service or product in their order of 
occurrence 
: time series 
nearly flat over time 
: time series pattern: horizontal 
consistently rising or falling 
: time series pattern: trend 
2 | P a g e 
varies in a repeatable pattern over seasons 
: time se
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS
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Bottlenecks exist in which type of manufacturing processes? - CORRECT 
ANSWER-Job process, batch process, line process 
The theory of constraints methods increases the firms profits more effectively by 
focusing on what - CORRECT ANSWER-making materials flow rapidly through 
the entire system 
The theory of constraints defines inventory as - CORRECT ANSWER-all the 
money invested in a system in purchasing things that it intends to sell 
Of the seven key principles of the theory of constraints, w...
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MGSC 395 Exam 3, Precht
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MGSC 395 Exam 3, Precht
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MGSC 395 Exam 3, Questions and Answers
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MGSC 395 Exam 3, Questions and Answers
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MGSC 395 Exam 3 | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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For what organizational decisions are demand forecasts used? 
: -long term(general forecast) 
-intermediate term(product family/service lines) 
-short term(detailed) 
What are the costs/risks of forecasts that are too high or too low? 
: Too high: 
-surplus of inventory 
-price markdown(blackfri.) 
-too many employees 
Too low: Not enough.. 
-product for demand 
-people working(bad customer service) 
2 | P a g e 
What are characteristics of all forecasts? 
: -ALL wrong to some degree 
-"aggrega...
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS UPDATED
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For what organizational decisions are demand forecasts used? - CORRECT 
ANSWER--long term(general forecast) 
-intermediate term(product family/service lines) 
-short term(detailed) 
What are the costs/risks of forecasts that are too high or too low? - CORRECT 
ANSWER-Too high: 
-surplus of inventory 
-price markdown(blackfri.) 
-too many employees 
Too low: Not enough.. 
-product for demand 
-people working(bad customer service) 
What are characteristics of all forecasts? - CORRECT ANSWER--ALL w...
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