Forecasting methods is used for making long-range forecasts

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Reference no: EM132227866

1. Which of the following is NOT part of the control process?

a. revisiting plants

b. monitoring external circumstances

c. detecting system problems

d. implementing performance checks

e. creating organizational charts

2. Maslow's theory of human needs is a useful tool to understand human motivation, and is very appropriate to develop advertising issues. Indicate which human need serves as the basis for these advertising slogans.

A. develop to the maximum enters the armed forces (army)

B. Dow Chemical allows you to see and grow the food of the future

C. the automotive machine for the world forward

D. imagine if you did not have us

3. Which of the following is not true in respect to efficiency, effectiveness, and value in terms of a grocery store checkout line?

a. using the fewest number of people possible manning the check out lines is an example of being efficient

b. minimising the amount of time customers need to wait is an example of being effective

c. decreasing the waiting time for customers while keeping the product costs the same is an example of increasing value to customers

d. maximising efficiency and effectiveness at the same time rarely creates conflict between the two objectives

e. all of the above are true

4. Which of the following forecasting methods is best used for making long-range forecasts?

a. exponential smoothing

b. simple naive method

c. linear trend

d. simple moving avergae

e. weighted moving average

Reference no: EM132227866

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