SCA PRACTICE TEST

What does not include in the three developments that spurred recent explosive growth in the use of analytical methods in business applications?

• Numerous methodological developments

• Younger generations interest in analytics 

• An explosion in computing power and storage capability

 IBM describe the phenomenon of big data through the four Vs -
Volume, Velocity, Variety, Veracity. 

• TRUE

• FALSE

What forecast model is not available in SAP-ERP System?

• Linear regression

• Delphi method

• Declining demand forecast

What forecasting approach assumes that the demand in the next period is the same as demand in the most recent period?

• Trend Projection

• Moving Averages

• Naive approach

What is correct about the qualitative approaches of forecasting?

• Employs judgement, experience, intuition and opinion

• The forecast is based only on past values, no other variables important

• Used when the situation is ‘stable’ and historical data exist

• Used when some trend might be present

What is not an assumption of Basic EOQ Model?

• Demand is independent

• Demand is known, constant.

• Lead time is known and constant

• Quantity discounts are possible

What are the attributes of Quality for Manufacturing Products

• Durability

• Discipline

• Aesthetics

• Reliability

Three major Elements in project Management includes Time, Cost & Resources

• FALSE

• TRUE

4. A decision tree indicates decision alternatives, states of nature and their respective probabilities

• TRUE

• FALSE

Industry 4.0 : Integration of information and communications technologies with industrial technology

• FALSE

• TRUE