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Question
In the Delphi method of judgmental forecasting, _____.
a. predictions are based on the assumption that the future will be an extrapolation of the past
b. predictions are based on one or more independent variables, all of which are numerical
c. people from outside an organization are not eligible to make predictions
d. experts are not consulted as a group to make predictions
Answer
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Related questions
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_____ inventory is an additional amount of inventory that is kept over and above the average amount required to meet demand.
a. Seasonal
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c. Finished-goods
d. Safety stock
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Which of the following statements is true of backorders?
a. They occur as a result of excessive stock.
b. They occur when a customer is unwilling to wait for an ordered item.
c. They result in additional costs.
d. They force a customer to purchase elsewhere.
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In the context of ABC inventory analysis, which of the following statements is true of class A items?
a. They require close control by operations managers.
b. They comprise less than 30 percent of the total dollar usage.
c. They can be managed using automated computer systems.
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In the context of fixed-quantity systems, _____ is defined as the on-hand quantity (OH) plus any orders placed but which have not arrived minus any backorders (BO).
a. inventory position
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In the context of project management, _____ a project involves releasing and reassigning people.
a. closing
b. organizing
c. defining
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Q:
For manufactured goods, design blueprints specify a nominal dimension which is the:
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b. dimension with the greatest variation from the target dimension.
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_____ technology refers to the application of the Internet, computer programs, and information systems to provide data, information, and analysis to facilitate the creation and delivery of goods and services.
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c. Assistive
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b. Soft technology
c. A database system
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Scalability is a key issue in e-commerce.
a. True
b. False
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a. Credence attributes
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Identify a true statement about corporate strategy of large organizations.
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c. It is necessary to define the businesses in which an organization will participate.
d. It defines how an organization's processes are designed and organized.
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Indicate whether the statement is true or false.Different industries use different software packages for scheduling because every industry has different problem structures.a. Trueb. False
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a. the unit resource requirements and then adding in the setup time.
b. the setup time and then subtracting the unit resource requirements.
c. the setup time and then adding in the unit resource requirements.
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Q:
Which of the following lot sizing rules is best applied when setup or order costs are high?
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_____ are the quantity of a component needed to support production at the next-higher level of assembly.
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a. 100
b. 150
c. 200
d. 250
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a. Aggregate planning
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a. True
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a. integration
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a. plan
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c. make
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a. Logistics
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a. Order amplification in the supply chain leads to the bullwhip effect.
b. Large order sizes can help manage order amplification.
c. Order amplification decreases as one moves back up the supply chain away from the retail customer.
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a. True
b. False
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a. True
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a. True
b. False