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Quiz Review 6/ Business - Decision Science

1
_____ is the result of processing raw data to reveal its meaning
2
The use of forward exchange contracts encourages speculation
3
One recent development in Lean thinking is the combination of Lean and Six Sigma into Lean Six Sigma, which combines the rigor of statistical analysis and DMAIC approach with Lean's focus on waste reduction
4
Two events are said to be independent when knowledge of one event is of no value when assessing the probability of the other
5
AON networks have an advantage over AOA networks:
6
Crashing almost always accelerates the schedule while increasing project risk, whereas fast tracking almost always accelerates the schedule while increasing project cost
7
SWOT analysis is objective with easily agreed upon results.
8
Select, among the following statements regarding Decoupling stocks, the correct statements. (1). inventories at major stocking points throughout the system (2). allows for each work center to begin at the same starting time (3). Used to absorb random demand uncertainties
9
It may be easier to estimate the costs for ____, but as the project progresses, the project team can progressively elaborate the estimated costs as more information is known or becomes clear to allow for more accurate estimated costs
10
With an ERP system, the job of tracking all the data required for a financial report can be a monumental undertaking
11
Trends in supply organization and leadership include:
12
The optimal solution to any linear programming model is the:
13
The project charter provides the project manager with written authority to use organizational resources for project activities.
14
Improving the efficiency and effectiveness of the process for small value orders can be achieved through:
15
List the four perspectives of Kaplan and Nortan's balanced scorecard
16
Use the information in Scenario 9.4. What is the total annual holding and ordering costs if Mwongola orders using the EOQ quantity?
17
Name several criteria that are important in vendor selection. Which one is the most important?
18
Which of the following points of Deming's 14 points discusses creating and publishing to all employees a statement of the aims and purposes of the company or other organization, and the management demonstrating constantly their commitment to this statement?
19
Identified weaknesses of high expense, conflict between the team and the organization, and difficult post-project transitions are typical of
20
Define and discuss the Marketing/Logistics interface
21
What is the regression equation resulting from using the month, where January = 1, February = 2, etc.) to forecast Pounds?
22
By 2012 it is expected that ____ percent of movie theaters will have made the change to digital technology.
23
The FOREIGN KEY constraint is usually placed on the "one" side of a one-to-many relationship. _________________________
24
What is the LCL for a R chart?
25
With respect to the types of quality-related data, ______ data are collected by numerical measurement on a continuous scale
26
Which of the following types of dependencies are inherent in the nature of work being performed on a project?
27
Traditional outsourcing focuses on achieving higher performance, greater flexibility, and reduced costs
28
Distributed processing shares a database's logical processing among two or more physically independent sites that are connected through a network
29
Using the data given in Table 14-2, find the market shares for the three retailers in month 2
30
An ORDER BY clause can be included in a(n) ____________________ view to perform "TOP-N" analysis
31
The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily
32
In many organizations, standards of conduct for purchasing personnel stress the need to avoid all appearances of impropriety.
33
A(n) _____ is a step-by-step direction for performing a specific task, which is written in a language the computer can understand
34
Work on a project's constituent activities begins in the project's:
35
The transfer of knowledge within organizations and the identification and sharing of best practices often set high-performing organizations apart from the rest
36
The Canadian Awards for Business Excellence quality criteria are similar in structure to the Baldrige Award Criteria
37
A seven-month simple moving average would approximately equate with alpha (a) factor _____ for simple exponential smoothing
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