GSCM 206 Week 2 Quiz

GSCM 206 Week 2 Quiz | Devry University

Week 2: Quiz

Question 1

 (TCO 5) What is the forecast for November, based on a weighted moving average applied to the following past-demand data and using the weights 4, 2, and 0 (largest weight is for most recent data)?

May       June      July        Aug.       Sept.     Oct.

10           8              7              10           12           13                                                                            

A.      10.3  

B.      10.5  

C.      12.66  

D.      21

Question 2

 (TCO 5) Jim's department at a local department store has tracked the sales of a product over the last 10 weeks using exponential smoothing with an alpha of 0.3. In January, he forecasted $150,000 in sales and achieved $155,000 is sales. Using this same forecasting model, estimate Jim’s February sales.

A.      $152,000  

B.      $155,000  

C.      $151,500  

D.      $105,000

Question 3

 (TCO 5) What is the approximate forecast for May using a 4-month moving average?

Nov.      Dec.       Jan.        Feb.       March   April

39           36           40           46           50           46                                                           

A.      32  

B.      44  

C.      48  

D.      45.5

Question 4

 (TCO 6) Which of the following helps operations managers focus on the trivial few and the critical many?

A.      Value analysis  

B.      Value engineering  

C.      Financial analysis  

D.      Product-by-value analysis  

E.       None of the above

Question 5

 (TCO 7) In which stage of the product life cycle should product strategy focus on capacity modifications?  

A.      Introduction  

B.      Growth  

C.      Maturity  

D.      Decline

Question 6

 (TCO 5) What is the third step in building a house of quality?

A.      Relate customer wants to product “hows.”  

B.      Develop importance ratings.  

C.      Evaluate competing products.  

D.      Determine how our goods and services will satisfy our customers. 

E.       Identify customer wants.                 

Question 7

 (TCO 7) In which stage of the product life cycle does product development take place?

A.      Introduction  

B.      Growth  

C.      Maturity  

D.      Decline

Question 8

 (TCO 7) The specific components inputted into the fourth house in the house of quality are satisfied by

A.      the quality plan.  

B.      customer requirements.  

C.      design characteristics.  

D.      the production process.

Question 9

 (TCO 5) In time series, which of the following cannot be predicted?

A.      Random variations—“blips”  

B.      Technological trends  

C.      Seasonal fluctuations  

D.      Regular fluctuations

Large decreases in demand

Question 10

 (TCO 6) An assembly drawing

A.      shows an exploded view of the product.  

B.      shows graphically how the product is assembled.  

C.      lists the operations, including assembly and inspection, necessary to produce the component with the material specified in the bill of material.  

D.      provides detailed instructions on how to perform a given task.