Question 15 (4 points) Medium range forecasts are measured in months. Indicate their main uses. Check all that apply. Ck all OA) To add new product lines O B) To close existing production facilities or shifts O C) To close existing lines OD) Change inventory levels E) To add new production facilities or new shifts O F) Adjust cash levels OG) Executive bonuses H) Production schedules Ul) Make workforce changes (e.g. overtime/undertime hiring/firing) OJ) Schedule equipment UK) To set goals for company UL) Schedule purchases with long lead times OL) Schedule purchases with long lead times Question 16 (4 points) Short range forecasts are measured in weeks or days. Indicate their main uses. Check all that apply. A) To close existing lines B) Make workforce changes (e.g. overtime/undertime hiring/firing) OC) Production schedules D) Change inventory levels E) To close existing production facilities or shifts OF) To add new production facilities or new shifts OG) Executive bonuses O H) Adjust cash levels 1) To set goals for company J) Schedule purchases with long lead times OK) Schedule equipment L) To add new product lines DELL Question 17 (4 points) Long range forecasts are measured in years. Indicate their main uses. Check all that apply. U A) Make workforce changes (e.g. overtime/undertime hiring/firing) OB) To set goals for company OC) To add new product lines OD) Change inventory levels UE) Schedule purchases with long lead times OF) Schedule equipment G) Adjust cash levels O H) To close existing production facilities or shifts 1) Executive bonuses J) Production schedules UK) To add new production facilities or new shifts OL) To close existing lines DELL O L) To close existing lines Question 18 (4 points) Some features are common to all forecasts. What are those features? Check all that apply. OA) Will show sales increasing over time B) Are always qualitative in naturen O C ) Are always quantitative in nature OD) Are usually very expensive E) More accurate in the long-term than in the short term OF) Assumes the past continues into the future UG) More accurate for groups versus individuals OH) is never correct Question 19 (4 points) When developing a strategy, which of the following are key external factors? Check all that apply. O A) Political conditions DELL Question 19 (4 points) When developing a strategy, which of the following are key external factors? Check all that apply. O A ) Political conditions B) Facilities and equipment C) Products and services D) Legal environment O E ) Financial resources OF) Economic conditions OG) Markets H) Competition 1) Customers 3) Suppliers OK) Human resources Question 20 (4 points) The key steps in strategy formulation follow. Place them in the correct order, starting with the first step, second step, and so on. DELL Question 15 (4 points) Medium range forecasts are measured in months. Indicate their main uses. Check all that apply. Ck all OA) To add new product lines O B) To close existing production facilities or shifts O C) To close existing lines OD) Change inventory levels E) To add new production facilities or new shifts O F) Adjust cash levels OG) Executive bonuses H) Production schedules Ul) Make workforce changes (e.g. overtime/undertime hiring/firing) OJ) Schedule equipment UK) To set goals for company UL) Schedule purchases with long lead times OL) Schedule purchases with long lead times Question 16 (4 points) Short range forecasts are measured in weeks or days. Indicate their main uses. Check all that apply. A) To close existing lines B) Make workforce changes (e.g. overtime/undertime hiring/firing) OC) Production schedules D) Change inventory levels E) To close existing production facilities or shifts OF) To add new production facilities or new shifts OG) Executive bonuses O H) Adjust cash levels 1) To set goals for company J) Schedule purchases with long lead times OK) Schedule equipment L) To add new product lines DELL Question 17 (4 points) Long range forecasts are measured in years. Indicate their main uses. Check all that apply. U A) Make workforce changes (e.g. overtime/undertime hiring/firing) OB) To set goals for company OC) To add new product lines OD) Change inventory levels UE) Schedule purchases with long lead times OF) Schedule equipment G) Adjust cash levels O H) To close existing production facilities or shifts 1) Executive bonuses J) Production schedules UK) To add new production facilities or new shifts OL) To close existing lines DELL O L) To close existing lines Question 18 (4 points) Some features are common to all forecasts. What are those features? Check all that apply. OA) Will show sales increasing over time B) Are always qualitative in naturen O C ) Are always quantitative in nature OD) Are usually very expensive E) More accurate in the long-term than in the short term OF) Assumes the past continues into the future UG) More accurate for groups versus individuals OH) is never correct Question 19 (4 points) When developing a strategy, which of the following are key external factors? Check all that apply. O A) Political conditions DELL Question 19 (4 points) When developing a strategy, which of the following are key external factors? Check all that apply. O A ) Political conditions B) Facilities and equipment C) Products and services D) Legal environment O E ) Financial resources OF) Economic conditions OG) Markets H) Competition 1) Customers 3) Suppliers OK) Human resources Question 20 (4 points) The key steps in strategy formulation follow. Place them in the correct order, starting with the first step, second step, and so on. DELL