OM_Forecasting
Quiz
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Business
•
University
•
Medium
MaCarol Tubog
Used 1+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is an example of long-term forecasting?
2 Weeks
1 month
3 Years
5 days
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Refers to the basic input in the decision processes of operations management because they provide information on future demand.
Forecasting
Inventory
Quality
Supply
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the last elements of a Good Forecast?
Meaningful Units
Timely
Accurate
Easy to use
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Refers to a certain amount of time is needed to respond to the information contained in a forecast?
Written
Reliable
Meaningful units
Timely
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the first step in 'Forecasting'?
Select a forecasting technique
Establishing the purpose
Prepare the forecast
Establish a time horizon
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the last step in 'Forecasting'?
Select a forecasting technique
Prepare the forecast
Monitor the forecast
Determine the purpose of forecast
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following statements is true?
Shorter time horizon equals to lower uncertainty.
Longer time horizon equals to lower uncertainty.
Shorter time horizon equals to higher uncertainty.
Longer time horizon equals to bigger uncertainty.
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