
Week 2
Quiz
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Business
•
University
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Practice Problem
•
Easy
Trần Hân
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51 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Demand planning:
Is very seldom practiced by companies
Includes the steps and the process to arrive at estimates of profitability
Only involves demand planners
Incorporates inputs to predict or approximate future customer demand
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is NOT an assumption used to calculate EOQ?
A constant and known replenishment
The satisfaction of all demand
A constant cost that is independent of the order quantity or time
A changing rate of demand over time
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The number of potential buyers in a specific market for a given product or service will influence demand. If the market size:
Decreases, this can mean a lower quantity of potential buyers may be available to purchase products and services
Increases, this can mean a lower quantity of potential buyers may be available to purchase products or services
Decreases, this can mean that no potential buyers are available to purchase a company’s products or services
Decreases, this can mean a higher quantity of potential buyers may be available to purchase products or services
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Examples of risk events that have the potential to impact the demand plan are:
Changes in management and leadership
Introduction of a new purchase requisition and purchase order process
Natural disasters, terrorism, and currency fluctuations
Internal organisational consolidation and changes
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Demand management involves:
Selling products to customers
Adjusting internal operations and plans to match actual customer demand
Placing orders for products
Providing discounts to customers
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The two main types of demand are:
Independent and dependent
Known and unknown
Constant and fluctuating
Short term and long term
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A good demand planning process enables a company to link:
Anticipated demand with financial charts
Unanticipated demand with customers
Demand forecasting capabilities with supply planning capabilities
Reactions to changes in demand with warehouses
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