Last Updated: Jun 20, 2026
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1. A company with stable demand that uses exponential smoothing to forecast demand would typically use a:
A) high beta value.
B) low alpha value.
C) low beta value.
D) high alpha value.
2. Manufacturing flexibility can be measured by using:
A) scrap level.
B) changeover time.
C) cycle time,
D) labor productivity.
3. Which of the following approaches should first be considered as part of process improvement?
A) Buying better and faster equipment
B) Applying stricter quality control
C) Making better use of existing resources
D) Hiring more skilled people to perform the job
4. Components of an organization's immediate industry and competitive environment include:
A) sociocultural forces,
B) interest rates.
C) political factors.
D) substitute products.
5. The results from responding to uncertainty in the supply chain by exaggerating lead times and increasing lot sizes is called:
A) process train.
B) bullwhip effect.
C) forward integration.
D) supply and demand.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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