Studying operations management is important because

	A.	In many organizations, the operations function controls and uses many organizational resources
	B.	The operations function in an organization is responsible for creating value for customers and clients
	C.	The operations function is essential to every organization
	D.	All of the above
	E.	None of the above

1. Each of the following positions is an example of an entry level job in operations: Production supvervisor, Production analyst & Inventory analyst.

   True

   False

MAPE (mean absolute percent error)

	A.	Allows comparison of different forecasts that come from different data and different models
	B.	Reveals bias in forecasting
	C.	Identifies large forecasting errors
	D.	All of the above
	E.	None of the above