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NEW QUESTION 19
Forecasters also estimate bias by using a , which is a ratio of the running sum of forecast errors to the cumulative Mean Absolute Deviation (MAD).
- A. Tracking signal
- B. Key pointer
- C. Single period method
- D. Mean square error method
Answer: A
NEW QUESTION 20
confirms that a change has occurred in the economy and tends to follow changes in the economy.
- A. Economy test indicator
- B. Lagging indicator
- C. Leading indicator
- D. Production indicator
Answer: B
NEW QUESTION 21
Two back-to-back quarters of negative gross domestic product growth is referred to as:
- A. Recession
- B. Hunch
- C. Nose-dive
- D. Obsolescence
Answer: A
NEW QUESTION 22
Which of the following is NOT the group of International Commercial Terms?
- A. Group C
- B. Group K
- C. Group F
- D. Group E
Answer: B
NEW QUESTION 23
The ratio of annual operating income to the total capital put in the business is called:
- A. Operating efficiency
- B. Return on investment
- C. Profit margin
- D. Return on asset
Answer: B
NEW QUESTION 24
What involves creating a visual depiction of a process, is the starting point to help understand each process and identify the sequencing of each process?
- A. Process flowcharting
- B. Process mapping
- C. Process Equipment
- D. Process Planning
Answer: B
NEW QUESTION 25
An increasing or decreasing patterns of demand over time is considered as a:
- A. Seasonality
- B. Analysis
- C. Cycle
- D. Trend
Answer: D
NEW QUESTION 26
Coding activities might include:
- A. All of the above
- B. issues approval
- C. needs notification
- D. Direct responsibility
Answer: A
NEW QUESTION 27
The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:
- A. Performance specification
- B. Performance life cycle
- C. Six sigma
- D. Quality model
Answer: C
NEW QUESTION 28
The mean of at least two recent periods of demand data is the basis for the next period's demand forecast is the description of which quantitative forecast method?
- A. Exponential smoothing forecast
- B. Naive forecast
- C. Weighted moving average
- D. Simple moving average
Answer: D
NEW QUESTION 29
Seasonality can be forecast using a multiplicative model to create a seasonal index.
- A. True
- B. False
Answer: A
NEW QUESTION 30
The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as:
- A. Rearrange Materials logistics
- B. Reverse logistics
- C. Multichannel logistics
- D. Switch State art logistics
Answer: B
NEW QUESTION 31
Downtime during testing, losses in productivity, resistance to change and new manuals are all description of:
- A. Logical assets
- B. External suppliers
- C. Project participants
- D. Internal organization
Answer: D
NEW QUESTION 32
To find a mathematical formula that will approximately generate the historical demand patterns in a time series is the goal of:
- A. Arithmetical model
- B. Box-Jenkins method
- C. Statistical analysis method
- D. Numerical smoothing analysis
Answer: B
NEW QUESTION 33
The underlying assumption is that a forecast can be created based on which of the following patterns observed within the time series data?
- A. Vertical Seasonality, Trend and Cycle
- B. Vertical, Seasonality, Variation and Smoothing
- C. Horizontal, Averaging, Variation and Smoothing
- D. Horizontal, Seasonality, Trend and Cycle
Answer: D
NEW QUESTION 34
A term used to describe a 'one piece flow' business strategy that allows an organization to establish a continuous sequencing of product, within a flow process is known as:
- A. Just-in-time scheduling
- B. Online scheduling
- C. Inventory scheduling
- D. Flow manufacturing
Answer: D
NEW QUESTION 35
What assess performance over a set period of time, most often the preceding year, and recognize accomplishments and successes?
- A. Formative evaluations
- B. Challenging evaluations
- C. Summative evaluations
- D. Conductive evaluations
Answer: C
NEW QUESTION 36
A practice that involves purchasing professional in the new product or service development process from its inception is called:
- A. Early purchasing Improvement
- B. Initializing consent
- C. Statement of work flow
- D. Service level professionalism
Answer: A
NEW QUESTION 37
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