Mean and Average Demand

Topics: Mean, Inventory, Absolute deviation Pages: 4 (1082 words) Published: April 15, 2013
Examination Paper IIBM Institute of Business Management Examination Paper Material Management Section A: Objective Type (30 marks) • • • This section consists of Multiple choice questions & Short Answer type questions. Answer all the questions. Part One questions carries 1 mark each & Part Two questions carries 5 marks each. MM.100

Part One: Multiple Choices: 1. Season Index = a. =Period average demand / deseasonalized demand b. =deseasonalized demand / period average demand c. =Period average demand / average demand for all periods d. = average demand for all periods / period average demand 2. Poke-yoke was first introduce by a. Edger Schein of America b. Lawrence D. Miles of U.S.A c. Shigeo Shingo of Japan d. None of the above 3. Utilization is the consolidation of several units into large units, called a. Units loads b. Unit system c. Unit wait d. None of the above 4. Mean Absolute Deviation a. = sum of forecast error / number of observations b. = algebraic sum of forecast errors / number of observations c. = sum of absolute deviations / number of observations d. None of the above 5. How many variations of network used a. One b. Three c. Two d. None of the above

IIBM Institute of Business Management


Examination Paper 6. Housing starts and gasoline consumption are called a. Economic indicators b. Nonleading indicator c. Leading indicator d. None of the above 7. The capability of manufacturing to produce goods and services is called a. Capacity b. Priority c. Strategy d. Production 8. APICS stands for a. The American Property and Investment Control Society b. The American Production and Inventory Control Society c. The America Product and Inventory Control Society d. None of the above 9. The bill provides a list of the parts needed to make or assemble a product is a. Planning b. Manufacturing c. Product definition d. None of the above 10. Which file contains a record for each part manufactured a. The routing file b. The product structure file c....
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay about Steelworks: Inventory and Average Monthly Demand
  • Supply and Demand and Average Winter Temperature Essay
  • A is for Average Essay
  • Demand Essay
  • Mean Essay
  • demand Essay
  • Demand and Forecasting Essay
  • Independent and Dependent Demand Essay

Become a StudyMode Member

Sign Up - It's Free