1. A point to remember about gathering estimates in the data collection process for unit forecasting is to:

Select one:

A. Be aware that managers will routinely underestimate their needs and cause surpluses

B. Be convinced of the accuracy of any data collected

C. Be aware of the need for a headcount for supplies

D. Be aware of the desire of managers to overestimate their productions to make their departments look good.

2. ___________ is also known as bottom-up or top-down planning or a combination of the two.

Select one:

A. Unit forecasting

B. Succession planning

C. Aggregate planning

D. Demand

3. A noticeable benefit to preparing a succession plan would be:

Select one:

A. It affects both supply and demand by adjusting production rates, workforce levels, and inventory levels when facilities cannot be expanded.

B. It allows a company to retain superior employees.

C. It looks at aggregate product demand.

D. It considers aggregate resource quantities.