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Ashford
Operations management & quantitative techniques
week 3
BUS 307 Week 3 Quiz

BUS 307 Week 3 Quiz

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1.The greater the randomness in the model, the greater the number of periods should be used in a moving average forecast.   2.The ratio of earnings to sales for a given time period is a firm’s profit margin.   3.A company that uses portfolio analysis would probably classify things like office supplies in the Bottleneck quadrant.   4.A qualitative forecasting technique in which individuals familiar with specific market segments estimate the demands within these sectors that are then summed to get an overall forecast is called   5.The use of supply chain partners to provide products or services is called:   6.Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?   7.Which of these is a direct cost associated with outsourcing?   8.Which of these is NOT a logistics activity?   9.Portfolio analysis begins with assignment to a quadrant before a sourcing strategy is formulated.   10.Forecasts are almost always wrong.

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