ABC company is trying to select a good forecast method. They selected two approaches called F1 and F2. The MAD of F1 is 4 and that of F2 is 3 . Which of the following is true? F1 is more accurate than F2. F2 is more accurate than F1. Neither F1 nor F2 is good enough since MAD is not equal to zero. All of the above, None of the above. Right after he completed his studies that included operations management, Don joins a company that produces a famous consumer product that requires a lot of raw material. Don feels something has to be done to reduce the material that goes into each product and feels that value analysis has to take place. What do you think such an approach would NOT do the company? Reduce the cost of parts and materials: Improve the performance of the product or service. Incorporate multiple cultural values to the product. Eliminate unnecessary functions. Simplify parts. Mark, the new operations manager at XYZ, Inc., told his employees that they should not complete any product or service until the customer preferences are ascertained. What Mark is doing can be described best as: incubation modular design mass customization delayed differentiation procrastination