Objective Questions and Answers of MBA: MCQ on Manufacturing and Operations Management 5

Subject: MCQ on Manufacturing and Operations Management 5

**Part 5: List for questions and answers of Manufacturing and Operations Management**

**Q1. A manager uses the following equation to predict monthly receipts: yt = 40,000 + 150t. What is the forecast for july if t = 0 in april of this year?**

a) 40,450

b) 40,600

c) 42,100

d) 42,250

** **

**Q2. In trend-adjusted exponential smoothing, the trend adjusted forecast (taf) consists of**

a) an exponentially smoothed forecast and a smoothed trend factor

b) An exponentially smoothed forecast and an estimated trend value

c) The old forecast adjusted by a trend factor

d) The old forecast and a smoothed trend factor

**Q3. In the “additive” model for seasonality, seasonality is expressed as a ______________ adjustment to the average; in the multiplicative model, seasonality is expressed as a __________ adjustment to the average**

a) quantity, percentage

b) Percentage, quantity

c) Quantity, quantity

d) Percentage, percentage

**Q4. Which technique is used in computing seasonal relatives?**

a) Double smoothing

b) Delphi

c) Mean squared error (mse)

d) centered moving average

**Q5. A persistent tendency for forecasts to be greater than or less than the actual values is called**

a) bias

b) Tracking

c) Control charting

d) positive correlation

**Q6. Which of the following might be used to indicate the cyclical component of a forecast?**

a) leading variable

b) Mean squared error (mse)

c) Delphi technique

d) Exponential smoothing

**Q7. The primary method for associative forecasting is**

a) Sensitivity analysis

b) regression analysis

c) Simple moving averages

d) Centered moving averages

**Q8. Which term most closely relates to associative forecasting techniques?**

a) Time series data

b) Expert opinions

c) Delphi technique

d) predictor variables

**Q9. Which of the following corresponds to the predictor variable in simple linear regression?**

a) Regression coefficient

b) Dependent variable

c) independent variable

d) Predicted variable

** **

**Q10. The mean absolute deviation (mad) is used to**

a) Estimate the trend line

b) Eliminate forecast errors

c) measure forecast accuracy

d) Seasonally adjust the forecast

**Q11. Given forecast errors of 4, 8, and – 3, what is the mean absolute deviation?**

a) 4

b) 3

c) 5

d) 6

**Q12. Given forecast errors of 5, 0, – 4, and 3, what is the mean absolute deviation?**

a) 4

b) 3

c) 2.5

d) 2

**Q13. Given forecast errors of 5, 0, – 4, and 3, what is the bias?**

a) -4

b) 4

c) 5

d) 12

**Q14. Which of the following is used for constructing a control chart?**

a) Mean absolute deviation (mad)

b) mean squared error (mse)

c) Tracking signal (ts)

d) Bias

**Q15. The two most important factors in choosing a forecasting technique are**

a) Cost and time horizon

b) Accuracy and time horizon

c) cost and accuracy

d) Quantity and quality

** **

**Q16. The degree of management involvement in short range forecasts is**

a) None

b) low

c) Moderate

d) High

**Q17. Which of the following is not necessarily an element of a good forecast?**

a) Estimate of accuracy

b) Timeliness

c) Meaningful units

d) low cost

**Q18. Current information on _________ can have a significant impact on forecast accuracy**

a) Prices

b) Promotion

c) Inventory

d) all of the above

**Q19. A managerial approach toward forecasting which seeks to actively influence demand is**

a) Reactive

b) proactive

c) Influential

d) Protracted

**Q20. Customer service levels can be improved by better**

a) Mission statements

b) Control charting

c) short term forecast accuracy

d) Exponential smoothing

**Part 5: List for questions and answers of Manufacturing and Operations Management**

Q1. Answer: a

Q2. Answer: a

Q3. Answer: a

Q4. Answer: d

Q5. Answer: a

Q6. Answer: a

Q7. Answer: b

Q8. Answer: d

Q9. Answer: c

Q10. Answer: c

Q11. Answer: c

Q12. Answer: b

Q13. Answer: b

Q14. Answer: b

Q15. Answer: c

Q16. Answer: b

Q17. Answer: d

Q18. Answer: d

Q19. Answer: b

Q20. Answer: c