Om Test 1

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If Joe’s Diner serves 150 meals in one day using 3 kitchen staff, what is the kitchen staff daily productivity?

| X| 3)| 50 meals/staff|

Question 2| | 1 / 1 point|
Which forecasting method suffers from the possibility of having one person’s opinion dominate the forecast?
| X| 2)| Executive opinion|

Question 3| | 1 / 1 point|
A firm has had the following order history over the last 4 months: November| 140|
December| 80|
January| 100|
February| 150|

What is the weighted moving average forecast for March, assuming a weight of 60% for the most recent month, 30% for the month preceding the most recent month, and 10% for the month preceding that one? | | 1)| 117.5|

| | 2)| 228.1|
| | 3)| 118.0|
| X| 4)| 128.0|
| | 5)| 132.4|
Question 4| | 1 / 1 point|
ISO 14000 standards provide guidelines for what?
| | 1)| business ethics|
| X| 2)| environmentally responsible actions|
| | 3)| supplier certification|
| | 4)| quality control|
| | 5)| web site development|
Question 5| | 1 / 1 point|
Which forecasting method is particular good for predicting technological changes and scientific advances? | | 1)| Market research|
| | 2)| Executive opinion|
| X| 3)| Delphi method|
| | 4)| Naïve method|
| | 5)| Gamma method|
Question 6| | 1 / 1 point|
Many European companies require their suppliers to meet what standards as a condition for obtaining contracts? | | 1)| RFO 6000|
| | 2)| PUR 8000|
| X| 3)| ISO 9000|
| | 4)| MACH 5000|
| | 5)| SUP 2000|
Question 7| | 0 / 1 point|
Given the following data, use exponential smoothing (α = .1) to develop a demand forecast for period 3. Assume the forecast for the initial period is 500. What is the forecast?  
Period| Demand|
1| 600|
2| 200|
| | 1)| 569|
| | 2)| 470|
| | 3)| 541|
| | 4)| 551|
| X| 5)| 479|
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