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What is the forecast for period 34 if a simple three-period moving average is used?
The question below is based on the following information: What is the forecast for period 34 if a simple three-period moving average is used?A . 312B . 313C . 318D . 325View AnswerAnswer: C
Which of the following statements is true regarding the concept of independent demand?
Which of the following statements is true regarding the concept of independent demand?A . These items are usually raw materials.B . The requirements for these items are usually forecasted.C . The demand for these items must be calculated.D . The demand for these items is related to demand for other...
Characteristics that cause customers to consider a company's products or services are called:
Characteristics that cause customers to consider a company's products or services are called:A . order qualifiers.B . order winners.C . product configurations.D . product specifications.View AnswerAnswer: A
The heijunka philosophy can best be described as:
The heijunka philosophy can best be described as:A . level production.B . make-to-stock production.C . a chase production strategy.D . produce to stock production.View AnswerAnswer: A
Having bolts and tools at the point of use on the automobile assembly line eliminates the waste of:
Having bolts and tools at the point of use on the automobile assembly line eliminates the waste of:A . waiting.B . overproduction.C . making defects.D . stocks.View AnswerAnswer: A
Which of the following factors is included in cost of goods sold?
Which of the following factors is included in cost of goods sold?A . RevenueB . General and administrative expensesC . OverheadD . Standard costView AnswerAnswer: C
Reducing set up time will affect item lead time and throughput in which of the following ways?
Reducing set up time will affect item lead time and throughput in which of the following ways?A . Lead time will increase, throughput will decreaseB . Lead time will increase, throughput will increaseC . Lead time will decrease, throughput will increaseD . Lead time will decrease, throughput will decreaseView AnswerAnswer:...
Which of the following situations is characteristic of a make-to-stock environment?
Which of the following situations is characteristic of a make-to-stock environment?A . Work in process (WIP) represents the largest cost of inventory.B . The impact of technology on the production process will be large.C . The master schedule is stated at the finished product level.D . Customer involvement is typically...
What is the mean absolute deviation of demand for the data?
The question below is based on the following information: What is the mean absolute deviation of demand for the data?A . 1B . 3C . 5D . 101View AnswerAnswer: B
Having the needed materials within easy reach of a subassembly process eliminates waste of:
Having the needed materials within easy reach of a subassembly process eliminates waste of:A . motion.B . transportation.C . making defects.D . stocks.View AnswerAnswer: A
