Question: 28) Forecast Is the difference between the value that occurs the value that was predicted for a given time period A) Management B) Error C)

28) Forecast Is the difference between the value
28) Forecast Is the difference between the value
28) Forecast Is the difference between the value that occurs the value that was predicted for a given time period A) Management B) Error C) Average D) Quality 29) Permanently running out of raw material is a reason for company to: A) Design new product B) Change location C) Both listed D) None of listed I 30) Using the current period data to forecast the next period is called: A) Naive forecast B) Regression analysis C) Moving average forecast D) An associative forecast 31) Changes or shift in markets is a reason for company to: A) Change management B) None of listed C) Relocate D) Design new product 32) A weighted average is similar to a moving average, expect that it typically assigns weight to the most recent in a time series. A) Less B) More C) No D) Same 33) are special attributes or abilities possessed by an organization that give it a competitive edge A) Tactics B) Company missions C) Technology D) Core competencies 34)__ is the maximum amount of work that an organization is capable of completing in a given period due to constraints such as schedule A) Effective capacity B) Utilization C) Actual output D) Designed capacity

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