Free Printable FIM- Unit 1

1.

This forecasting approach involves projection of historical data or development of associative models.

a)

(a) Qualitative

b)

(b) Technological

c)

(c) Demand

d)

(d) Quantitative

2.

It is………the less predictable gradual increases or decreases in demand over longer periods of time.

a)

(a) Horizontal

b)

(b) Trend

c)

(c) Cyclical

d)

(d) Random

3.

Find out the correct?

a)

(a) Et = Dt – Ft

b)

(b) Dt = Et + Ft

c)

(c) Et = Dt + Ft

d)

(d) Dt = Et - Ft

4.

Why forecast is essential in SCM?

a)

(a) Workforce scheduling

b)

(b) Balance sheet preparation

c)

(c) Product development

d)

(d) Recycling

5.

The Sales Forecast should be at a detailed level in which of the following:

a)

(a) Across the entire planning horizon

b)

(b) Up to the planning time fence

c)

(c) From the planning time fence out to the end of the planning horizon

d)

(d) Within the demand time fence

6.

Given the data 63, 64, 66, 67, 67, 69, 71, 72 find the forecast for the eighth period using

a)

66

b)

67

c)

67.36

d)

68

7.

Given the data 90, 92, 92, 95, 93, 91, 94,

find the forecast for the eighth period using simple average

(a)

8.

Given the data 90, 92, 92, 95, 93, 91, 94 .Find the forecast for the eighth period using simple exponential smoothing. (Use α=0.3

α=0.3 and initial forecast using simple average)

(a)

9.

Given the data 60, 61, 63, 65, 67, 68, 70, 71

Find the forecast for the ninth period using simple average.

(a)

10.

What is the First Step of Forecasting?

(a)

11.

Medium Term forecast?

a)

Less than 3 months

b)

1 Year to 2 Years

c)

More than 3 Years

12.

Forecasting aims to determine the forecast of demand and market conditions.

a)

Demand Forecast

b)

Sales Forecast

c)

Economical Forecast

d)

Technological Forecast

13.

Forecasting results will also be very subjective is known as

a)

Quantitative

b)

Qualitative

c)

Nature

d)

Demand

14.

Which is not Importance of Demand Forecasting?

a)

Producing the desired output

b)

Controlling inventory

c)

Planning import and export policies

d)

Profit & Loss Balance

15.

opinions, experience, and technical knowledge of one or more managers are summarized to arrive at a single forecast

a)

Sales Force Method

b)

Quantitative Method

c)

Jury Executive Method

d)

Delphi Method

16.

A process of gaining consensus from a group of experts

a)

Delphi Method

b)

Sales Force Method

c)

Jury Executive Method

d)

Market Survey

17.

Regression Equation:

(a)

18.

Using past sales data to predict future sales is known as

a)

Active Demand

b)

Passive Demand

c)

Micro Demand

d)

Macro demand

19.

Active Demand Forecast Used by at inception stage

a)

MNC

b)

Mid Scale Unit

c)

Start up

d)

None of the above

20.

1. The sequence of a typical manufacturing supply chain is…………………….

a)

(a) Storage–Supplier–manufacturing–storage–distributor–retailer–customer

b)

(b) Supplier–Storage-manufacturing–storage–distributor–retailer–customer

c)

(c) Supplier–Storage-manufacturing– distributor–storage–retailer–customer

d)

(d) Supplier–Storage-manufacturing–storage– retailer–distributor–customer

FIM- Unit 1

Total questions: 20

Worksheet time: 34mins

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