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Question
Indicate whether the statement is true or false.
In the context of causal forecasting models with multiple regression, an R-squared (R2) value of 0.70 means that 30 percent of the variation in the dependent variable is explained by the independent variable.
a. True
b. False
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
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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?
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a. inventory position
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a. closing
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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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Scalability is a key issue in e-commerce.
a. True
b. False
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Identify a true statement about corporate strategy of large organizations.
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Capacity requirements are computed by multiplying the number of units scheduled for production at a work center by the:
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. plan
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c. make
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a. True
b. False
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a. True
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a. True
b. False