BUS 430 QUIZ 6

Question 1   � � �   � � � Safety capacity is intended for all of the following except � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 2   � � �   � � � Which of the following is a short-term capacity decision? � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 3   � � �   � � � According to the Theory of Constraints, ____ is the amount of money generated per time period through actual sales. � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 4   � � �   � � � Safety capacity or a capacity cushion is � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 5   � � �   � � � When the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases, it is called ____ � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 6   � � �   � � � Safety capacity is most closely related to � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 7   � � �   � � � Which of the following is not correct relating to bottleneck resources? � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 8   � � �   � � � For a non-bottleneck activity, � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 9   � � �   � � � A doctor’s office would charge no-show patients $30 if they did not cancel their appointment 24 hours ahead of the appointment because � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 10   � � �   � � � An entity in which idle capacity exists is called a ____. � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 11   � � �   � � � All the following are means to adjust short-term capacity except � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 12   � � �   � � � Which of the following is not a key consideration in long-term capacity strategy? � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 13   � � �   � � � The long-term capacity expansion strategy that can be called a capacity straddle strategy is � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 14   � � �   � � � The capacity expansion approach that provides the most safety capacity is � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 15   � � �   � � � All the following are means to manage capacity by shifting and stimulating demand except � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 16   � � �   � � � ____ forecasts are needed to plan work-force levels, allocate budgets among divisions and schedule jobs and resources. � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 17   � � �   � � � A tracking signal provides a method for quantifying forecast � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 18   � � �   � � � Repeatable periods of ups and downs over short periods of time are called ____. � � � � � � � � �   � � � � � � � � � � � �   Question 19   � � �   � � � A(n) ____ is a one-time variation that is explainable. � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 20   � � �   � � � Which of the following is not a statistical method? � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 21   � � �   � � � All of the following are important concepts in forecasting except � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 22   � � �   � � � For single exponential smoothing, � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 23   � � �   � � � Which of the following does not fit with the Delphi method? � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 24   � � �   � � � If single exponential smoothing is used and the time series has a negative trend, the forecast will � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 25   � � �   � � � Regular patterns in a data series that take place over long periods of time are called ____. � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 26   � � �   � � � The forecasting error measurement that is different in that the measurement scale factor is eliminated is � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 27   � � �   � � � An R2 of 0.80 means � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 28   � � �   � � � Which of the following is not a valid approach to gathering data for judgmental forecasting? � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 29   � � �   � � � All of the following are important in choosing a forecasting method except � � � � � � � � �   � � � � � �   � � � � � � � � �   Question 30   � � �   � � � Regression analysis

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