$1.$ The one constant theme all semester has been:

a$.$ Make a profit b$.$ Have fun c$.$ Take care of the customer d$.$ None of these.

$2.$ What are the two assumptions that should be built into every productivity calculation? $$

$3.$ What is the productivity calculation formula? $$

$4.$ Calculate the productivity of the company using the following data:

a$.$ # of workers $=100$

b$.$ Average labor wage $=$ $$22/$hour

c$.$ Overhead $=$ $$133/$hour

d$.$ Output $=5400$ items$/$hour $$

$5.$ The Daytona $500$ example was an example of:

a$.$ Forecasting for Beer

b$.$ Forecasting for Soft Drinks

c$.$ Forecasting the winner of the race

d$.$ There was no Daytona $500$ example.

e$.$ I have no clue. $$

$6.$ What is the goal of process design? $$

$7.$When redesigning$/$improving a process, the first step should be: $$

$8.$What documents make up the $$recipe card$$ for a product? $$

$9.$What is the point of indifference for the following two processes? Process A: fixed costs $=3,265,050$ variable costs $=2233$ per item Process B: fixed costs $=5,598,005$ variable costs $=1287$ per item $$

$10.$ If a product is too expensive to make and make a profit, what are the options for the company? $$

$11.$ Using exponential smoothing with a smoothing factor of $\mathrm{.}4,($start with $2025)$ calculate the forecast for $2024$ using the data shown below: $$

year Actual

$202125000$

$202237000$

$202324000$

$202421000$

$2025$

$12.$ Calculate the $2025$ forecast using weighted moving average for the data below; given that the most recent is weighted at $\mathrm{.}6,$ second most recent at $\mathrm{.}3$ and third most recent at $\mathrm{.}1$

year Actual

$202125000$

$202237000$

$202324000$

$202421000$

$2025$

$13.$ Using the data in #$12$ calculate the $3-$year moving average for $2025.$

$14.$ If the actual for $2025$ comes in at $25,000,$ which technique in $12$ and $13$ provides the most accurate forecast? $$

$15.$ What are the two main goals of project management? $$

$16.$ The AEB Company is looking at tools for controlling projects. From the supplier perspective which project management tool would be best for them? $$

$17.$ When should the company prepare the project crashing plan? $18.$ Give one example of a failed project from class discussions. $19.$ What is the goal of product design? $$

$20.$ What is designing for the environment? $$

Extra Credit: $(5$ points$)$ What non$-$value added steps were discovered in the Apple Sauce Example in class? $$