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Question 1: Which forecasting method uses average demand over several previous periods?

• Moving average

• Trend Analysis

• Linear Smoothening

• None of the above

Question 2: What assumptions are made about forecasting methods?

• Demand variation must be linear

• The past is an acceptable indicator of the future

• Demand variation must be small

• The past is not an acceptable indicator of the future

Question 3: Final item A is made from sub-component B & C. Sub-component B is made from part D and raw material E. Which component needs to be forecasted?

• A, B, C, D and E

• B and C

• c and E

• Only A

Question 4: Which of the following is typical of a need?

• It contains average variation

• It contains seasonal fluctuations

• It does not contain random flucutations

• All of the above

Which of the following does not belong?

• Trend

• Cyclical

• Average

• Random Fluctuations

Which of the following manufacturing strategies has the longest delivery lead-time?

• ATO

• MTS

• ETO

• MTO

Why is manufacturing important to the economy?

• It decreases employment and prevents waste

• It creates wealth and reduces waste.

• It adds value to products and creates wealth.

• None of the above.

Which of the following is not associated with an Intermittent layout?

• Uses lots and batches

• MTS

• Equipment is not dedicated

• Job Shop

Which of the following manufacturing strategies has the shortest delivery lead-time?

• ATO

• MTS

• ETO

• MTO

In the Product Life Cycle, at what stage is the product most expensive?

• Growth

• Decline

• Maturity

• Introduction