\"To make a revision in the appearance or function of\" is the definition of: Se

Question

"To make a revision in the appearance or function of" is the definition of:

Select one:

A. Replaying

B. Reconnecting

C. Redesigning

D. Reconsidering

Unit forecasting is so responsive and reliable because it places the responsibility of the estimating upon the _________________ in product production or service provision.

Select one:

A. Line managers

B. Managers at the point of contact

C. Middle managers

D. Senior managers

A point to remember about gathering estimates in the data collection process for unit forecasting is to:

Select one:

A. Be aware that managers will routinely underestimate their needs and cause surpluses

B. Be convinced of the accuracy of any data collected

C. Be aware of the need for a headcount for supplies

D. Beaware of the desire of managers to overestimate their productions to make their departments look good.

___________ is the act of estimating or calculating in advance by data analysis. It is merely a prediction of coming events.

Select one:

A. Forecasting

B. Intimidating

C. Adjusting

D. Dreaming

Contracts signed to prevent sensitive information from being distributed outside of the group of participating companies are called:

Select one:

A. Retrenchment plans

B. Succession plans

C. Liability contracts

D. Confidentiality agreements

A noticeable benefit to preparing a succession plan would be:

Select one:

A. It affects both supply and demand by adjusting production rates, workforce levels, and inventory levels when facilities cannot be expanded.

B. It allows a company to retain superior employees.

C. It looks at aggregate product demand.

D. It considers aggregate resource quantities.

One of the goals of aggregate planning is to:

Select one:

A. Maximize inventory investment

B. Maximize changes in workforce levels

C. Maximize customer service

D. Minimize executive involvement

___________ is also known as bottom-up or top-down planning or a combination of the two.

Select one:

A. Unit forecasting

B. Succession planning

C. Aggregate planning

D. Demand

_____________ planning is a process whereby an organization ensures that employees are recruited and developed to fill each key role within the company.

Select one:

A. Aggregate

B. Succession

C. Successful

D. Deficiency

Explanation / Answer

1) C (Redesigning)

In redesigning, the appearance or function is changed to meet the requirement or do improvement

2) A

When line managers in the product or service production are involved, the forecasting becomes responsive and reliable

3) A

Usually, the managers under estimate their need which causes surplus production

4) A

Forecasting is the act to estimate or calculate the future need in advance using data analytics

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