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Let Quiz 1. Business - Decision Science

1
Given here are a set of sample data: 12.0, 18.3, 29.6, 14.3, and 27.8 . The sample standard deviation for this data is equal to _____
2
Capacity used to satisfy demand that is higher than forecasted is
3
An application ____________________ is a set of programming tools provided to access an operating system or online service in order to create software based on that operating system or online service.
4
"Order fill rate" is calculated by taking the total orders shipped and dividing that number by total orders, resulting in a percentage that could reach 100 percent if every order was always shipped correctly.
5
Consider the project summarized in Table 11-9. In addition to the cost of the activities, the mad scientist must rent a menagerie of comfort animals during his program. The menagerie includes a number of animals, plus the feed, along with the services of a shepherd at a cost of $700 per week. What is the duration of the normal completion time and total project cost at that time? What activities should be crashed to minimize the total project cost? What is the new project duration and cost?
6
The _____________ pattern can be used to connect two disparate systems
7
Which pair of statements is BEST?
8
Computer inventory systems are often programmed to produce a cycle count notice in which of the following case?
9
With parity checking, sender and receiver must agree whether error detection is based on __________ or __________
10
An automobile company that installs satellite radio at the dealership instead of at the factory is applying a postponement strategy
11
If the manufacturing lead time of an item is reduced by 50%, the work in process inventory:
12
In contrast to the query languages used to interact with a relational database, interaction with an object-oriented database takes places via methods
13
The ________ takes the master production schedule and derives plans for components, purchased materials and workstations
14
The major reason for limiting the number of suppliers in the supplier selection and evaluation model is that the resources available to the purchaser for this activity are limited to the department's resources
15
A(n) ________ assigns numerical values to different levels of preferences
16
Despite the insights that PERT provides, there are still practical limitations that impact its usefulness. All of the following difficulties are associated with the use of PERT EXCEPT:
17
Many multinational corporations are moving their facilities and headquarters out of Taiwan and some Southeast Asian countries in order to take advantage of the proximity to customers. The more attractive customer markets are developing in China
18
Engaged employees have a strong emotional bond to their organization
19
The "sawtooth effect," named after turn-around artist Al "Chainsaw" Dunlap, is the severe reduction of inventory and service levels that occurs when a firm has gone through a hostile takeover.
20
The term __________ describes encoding data as variations in one or more physical parameters of a signal
21
A _____ sells services to anyone on the Internet
22
The Elastic Firm has two products coming on the market, Zigs and Zags. To make a Zig, the firm needs 10 units of product A and 15 units of product B. To make a Zag, they need 20 units of product A and 15 units of product B
23
Poor logistics management can bring a supply chain to its knees, regardless of the quality of the products.
24
The traditional SDLC's popularity is because of its flexibility
25
The Pointy-haired boss knows a thing or two about optimization and decides to formulate the problem as a cost maximization problem. Use Solver to determine the answer he arrives at.
26
Jasper's Grocery places an order for Monster every 15 days. Once the order is placed, delivery to the store typically occurs in three days. Average demand is five cases per day, and the standard deviation of demand is 1.5 cases per day. The store policy is to stock an amount of inventory that allows for an average stockout condition of 5 percent (1.65 standard deviations) while waiting for replenishment. It is time to place an order, and there are 20 cases on hand. How many units should be ordered?
27
Data manipulation language commands are used to create or modify database tables. _________________________
28
When future demand is uncertain and sequential decisions are involved in capacity planning, a manager should use a:
29
Which of the following is true about a dynamic simulation model?
30
Describe the two approaches to order management. How are they different? How are they related?
31
In drafting a purchase order, purchasing must include a large number of details regarding policies because it is a legally binding document
32
_____ is an object-oriented programming language developed by Sun Microsystems that runs on top of web browser software
33
Declaring a composite variable is different from declaring a scalar variable in that you must create your own data types.
34
In the era of Big Data, advanced software programs such as Solver can be used to navigate large number variables and constraints
35
Use the information in Figure 5.4. If each task has a work time of one minute and there are 8 hours in a day, what is the minimum number of stations if 240 units should be produced each day?
36
Inventories that are built up in advance of a peak selling season, a promotion program or a plant
37
During the ____ process, a database expert determines the structure of the required database
38
A key decision point in the generic development process during "Phase 1: Concept Development" is project approval.
39
Poultry Processing processes chickens for fast food restaurants. The Majestic chickens arrive from the farms on trucks, in cages, at a rate of 8 trucks per hour according to the Poisson distribution
40
Explain differentiation strategies in general, and describe three such strategies in detail
41
Based on the structure of the BOOKS table, which of the following is a valid SQL statement?
42
Since 1986, the only acceptable accelerated depreciation method is the ________
43
Which R/3 module records transactions in the general ledger?
44
Which of the following distributions is not skewed? I.Normal distributionII.Uniform distributionIII.Lognormal distributionIV.Exponential distribution
45
Refer to the following payoff table: State of NatureAlternativeS1S2A175−40A20100Prior Probability0.60.4There is an option of paying $100 to have research done to better predict which state of nature will occur. When the true state of nature is S1, the research will accurately predict S1 60% of the time. When the true state of nature is S2, the research will accurately predict S2 80% of the time.Given that the research is done, what is the joint probability that the state of nature is S1 and the research predicts S1?
46
The Central Limit Theorem says that if a number of probability distributions are summed:
47
Using the data given in Table 14-2, find the market shares for the three retailers in month 2.
48
In a/an _____, sellers are only told their relative rank and thus are not aware of their competitors' prices
49
Describe an experience curve
50
Standardization of products, services, and/or processes can help lower total cost of ownership.
51
Social media "netiquettes" includes all but one of the following: ________.
52
The optimal solution of to an NLP model must be a corner point of the feasible region
53
_____ involves frequent deliveries of smaller quantities directly to the point of use at the purchaser
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