Intro to OM and Forecasting

Budgeting, paying the bills, and collection of funds are activities associated with the ?

• management function
  

• control function
  

• finance/accounting function
  

• production/operations function
  

Walter Shewhart is listed among the important people of operations management because of his
contributions to

• assembly line production
  

• measuring the productivity in the service sector
  

• just-in-time inventory methods

• statistical quality control
  

The "Father of Scientific Management" is

• Henry Ford
  

• Frederick W. Taylor
  

• W. Edwards Deming
  

• Frank Gilbreth
  

Henry Ford is noted for his contributions to

• standardization of parts
  

• statistical quality control
  

• assembly line operations
  

• scientific management
  

Which of the following services is least likely to be unique, i.e., customized to a particular
individual's needs?

• dental care
  

• hairdressing
  

• legal services
  

• elementary education
  

Which of the following inputs has the greatest potential to increase productivity?

• labor
  

• globalization
  

• management
  

• capital
  

Three commonly used productivity variables are

• quality, external elements, and precise units of measure
  

• labor, capital, and management
  

• technology, raw materials, and labor
  

• education, diet, and social overhead
  

Forecasts

• become more accurate with longer time horizons
  

• are rarely perfect
  

• are more accurate for individual items than for groups of items
  

• all of the above
  

One use of short-range forecasts is to determine

• production planning
  

• inventory budgets
  

• research and development plans
  

• job assignments
  

A forecast with a time horizon of about 3 months to 3 years is typically called a

• long-range forecast
  

• medium-range forecast
  

• short-range forecast
  

• strategic forecast