MGT613 Quiz

Which of the following is not an attribute to classify services? 

Select correct option: 

 Tangibility

 Perish ability

 Simultaneity

 Degree of Customer Contact

As a manager, you have defined the purpose of the forecasts. What should be the next step in forecasting process? 

Select correct option: 

 Collecting and analyzing the appropriate data 

 Determining the purpose of the forecast

 Choosing a forecasting technique

 Setting up a time horizon or a time limit 

Forecasting accuracy has_______ relation with time horizon. 

Select correct option: 

 Inverse

 Linear

 Direct

 Parallel

______________ is a wave like variations of more than one year’s duration. 

Select correct option: 

 Cycle

 Trend

 Seasonality

 Random variation 

In which one of the following decision environments it is impossible to assess the likelihood of various future events? 

Select correct option: 

 Certainty 

 Uncertainty

 Risk

 Bounded rationality 

As a manager, you have defined the purpose of the forecasts. What should be the next step in forecasting process? 

Select correct option: 

 Choose a forecasting technique.

 Determine the purpose of the forecast.

 Set up a time horizon or a time limit

 Collect and analyze the appropriate data.

Which one of the following forms of productivity has units of output per dollar input? 

Select correct option: 

 Capital

 Energy

 Labor

 Machine

Which one of the following refers to a decision environment in which relevant parameters have known values? 

Select correct option: 

 Certainty

 Uncertainty

 Risk 

 Bounded rationality

To make operations strategy effective it should be: 

Select correct option: 

 Independent of the organization’s strategy

 Consistent with the organization’s strategy

 Developed by a first line manager

 Independent of time dimension

Organizational strategies relate to which of the following sets of factors? 

Select correct option: 

 Survival, profitability, growth rate and market share

 Profitability, survival, lead times and target market

 Quality, operating resources, growth rate and market share

 Scheduling, profitability, lead times and survival

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

 Which one of the following is a pessimistic approach in decision making theory? 

Select correct option: 

 Maximin

 Maximax

 Minimax regret

 Laplace

Which one of the following is used to generate consensus forecast? 

Select correct option: 

 Delphi method

 Time series method

 Exponential smoothing

 Associative model

All of the following are examples of transformation process EXCEPT: 

Select correct option: 

 Cutting

 Packing  not sure

 Facilitating

 Labeling  

All of the following are examples of Qualitative forecasting except: 

Select correct option: 

 Judgmental

 Delphi Method

 Consumer Survey

 Naïve Forecasting

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