Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using?
A. Ratio
B. Template
C. Apportion
D. Function point
E. Learning curve
Answer: A
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______ is considered a continuous process of systematic advancement, of “becoming increasingly more complex, more elaborate and differentiated, by virtue of learning and maturation.”
a. Education b. Training c. Development d. Learning
Which of the following statements is false about global demand volatility?
a. When a company cancels its order during periods of demand downturn, the suppliers are left with inventories for which demand no longer exists. b. When the company increases its order during periods of demand upswings, it takes a long time to get the goods through the supply chain due to longer lead times. c. When demand for a product softens, companies can easily cancel orders with distant suppliers as compared to local suppliers. d. When demand for a product increases, companies can place new orders with local suppliers with more assurance that it will be delivered on time.
The "dollar days" inventory measurement can be used in purchasing to discourage large work-in-process and producing earlier than is needed.
Answer the following statement true (T) or false (F)
How do small and large companies use a variety of technologies for an integrated global information system (GIS)?