Mgt613 solved Quizs

  

Organizations that produce something other than physical products are called: 

Select correct option: 

  Cultural goods transformation

 Data transfer groups

 Transformation organizations

 Service organizations

  

The forecasting model that is based upon estimates of salesperson's expected sales is likely to be called ________. 

Select correct option: 

  Delphi method

 Sales force combination

 Consumer market survey

 Panel of executive opinion

Question # 7 of 15 ( Start time: 11:18:26 PM )  Total Marks: 1 

_______________is the bringing together of engineering design and manufacturing personnel early in the design phase. 

Select correct option: 

 Reverse engineering

 Concurrent engineering

 Manufacturability

 Serviceability

PG#53 Concurrent engineering is the bringing together of engineering design and manufacturing personnel early in the design phase.

Question # 9 of 15 ( Start time: 11:19:31 PM )  Total Marks: 1 

Which method of forecasting is most widely used? 

Select correct option: 

  Regression analysis

 Adaptive forecasting

 Weighted moving average

 Exponential smoothing

Question # 12 of 15 ( Start time: 11:21:35 PM )  Total Marks: 1 

A strategy that is narrower in scope and in more detail is: 

Select correct option: 

 Organizational Strategy

 Time and Quality Strategy 

 Operational Strategy

 Manufacturing/Service Strategy 

 PG#15 ·Operational Strategy is Ø Narrower in scope and in more detail

Question # 10 of 15 ( Start time: 11:34:20 PM )  Total Marks: 1 

As the time horizon increases the accuracy of the forecast: 

Select correct option: 

  Decreases

 Increases

 Is not affected with time horizon

 None of the above

 PG#33 Forecast accuracy decreases as time horizon increases

 Question # 13 of 15 ( Start time: 11:42:27 PM )  Total Marks: 1 

The concept of Agile organization refers to: 

Select correct option: 

  Flexibility

 Quality

 Quick Response

 Profitability

PG#11 Quick response aka Also known as Agility and an organization on this basis is often known as Agile Organization)

 Question # 9 of 15 ( Start time: 11:48:56 PM )  Total Marks: 1 

All of the following are steps in forecasting process EXCEPT: 

Select correct option: 

  Determine the purpose of the forecast

 Establish a time horizon

 Assigning weights to the criteria

 Monitor the forecast

 PG#34

Question # 11 of 15 ( Start time: 04:15:13 PM )  Total Marks: 1 

Characteristics like taste, feel, expertise, image or reputation relates to -----------. 

Select correct option: 

 Subjective inputs

 Objective inputs

 Quantitative technique

 None of the given options

REF qualitative Definition

Associated with the subjective quality of a thing or phenomenon, such as feel, taste, expertise, image, leadership, reputation.

Question # 12 of 15 ( Start time: 05:41:14 PM )  Total Marks: 1 

The systematic processing of data to yield information is a part of __________. 

Select correct option: 

 Management science

 Information sciences

 Industrial engineering

 Scientific management

Question # 6 of 15 ( Start time: 07:13:45 PM )  Total Marks: 1 

As the size of the smoothing constant increases: 

Select correct option: 

 More weight is put on historic demand data.

 More weight is put on recent demand data.

 The sensitivity of the model decreases.

 The stability of the model increases.

Question # 11 of 15 ( Start time: 09:10:29 PM )  Total Marks: 1 

The total weight assigned to actual occurrences should be equal to: 

Select correct option: 

 0

 1

 2

 3

Question # 15 of 15 ( Start time: 09:27:56 PM )  Total Marks: 1 

Techniques having numerical data include which of the following? 

Select correct option: 

  Subjective inputs

 Qualitative technique

 Quantitative technique

 Delphi method