FINAL EXAMINATION PART 1

This forecasting model predicts the future based solely of the past values of the variable

• Qualitative Model

• Time Series Model

• Delphi Model

• Casual Model

Which of the following is not a component of time series?

• Seasonality

• Trend

• Random Variation

• Inflation

  _________ are patterns in annual data that occur every several years.

• Seasonality

• Trend

• Random Variation

• Cycles

__________is a pattern of demand fluctuations above or below trend line that repeats at regular intervals.

• Seasonality

• Trend

• Random Variation

• Cycles

This forecasting technique is often used when a trend of demand or other pattern is emerging.

• Moving Average

•      

  Exponential Smoothing

• Naïve Forecasting Technique

• Weighted Moving Average

Public companies must track inventory as a requirement for compliance of which of the following government agency?

• Department of Trade Industry

• Bureau of Internal Revenue

• Securities and Exchange Commission

• Philippine Statistics Office

Which of the following is not a benefit of inventory management?

• Satisfies Customer

• Saves money

• Increases production expenses

• Improve cash flow

Which of the following is not an inventory management technique?

• Dropshipping Business

• ABC Analysis

• FIFO and LIFO

• Consignment

   

_________ is a scheduling system often used in conjunction with JIT to avoid overcapacity of work in process.

• Bill of Materials

• Kanban

• MRP

• None of the Above

Just-in-time is also known as the ________________

• Honda Production System

• Hyundai Production System

• Ford Production System

• Toyota Production System