**GSCM 209 DeVry Complete Quiz Package**

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**GSCM 209 DeVry Complete Quiz Package**

**GSCM209**

**GSCM 209 DeVry Complete Quiz Package**

**GSCM 209 DeVry Week 2 Quiz Latest**

**Question 1. Question : (TCO 1)** Sally Jones, the operations manager for ABC Manufacturing Inc. has been asked by her General Manager Bob Smith to prepare a capital equipment budget to support ABC’s strategic plan. When Sally selects her quantitative forecasting method, on which time horizon should she be focusing on to choose her forecasting method?

- Short range
- Medium range
- Annual
- Long range
- None of the above

**Question 2. Question : (TCOs 1 and 2)** Weekly sales of gallons of milk at the corner store are shown below. Using these data, forecast Week 7 using a 6-week moving average.

**Question 3. Question : (TCOs 3 and 4)** Linear regression is a(n) _____ forecasting model.

- projection
- associative
- qualitative
- trend

**Question 4. Question : (TCOs 3, 4, and 5)** While conducting an end-of-year finished goods inventory at his furniture store, Bob was able to construct the following data on of his nonseasonal furniture items.

– Use trend projection to estimate the relationship between time and sales (state the equation).

– Calculate forecasts for the remaining 5 months of the next year. .

**GSCM 209 DeVry Week 4 Quiz Latest**

**Question 1. Question : (TCO 6)** Which equation best describes the break-even point? (> means greater than, < meansless than, ? means greater than or equal to, and ? means less than or equal to.)

- Total cost (TC) > total revenue (TR)
- TC < TR
- TC = TR
- TC ? TR

**Question 2. Question : (TCO 6)** The formula for efficiency is

- actual output ÷ effective capacity.
- actual output ÷ design capacity.
- effective capacity × utilization.
- None of the above

**Question 3. Question : (TCO 7)** ZXY is going ahead on an expansion project. It will be able to earn $500 per hour and run 4,000 hours per year. What is the net present value for the next 7 years with an interest rate of 6%?

**Question 4. Question : (TCO 8)** Bob’s Automated Carwash can service 10 cars per hour. On average, 12 cars show up every hour. Determine

(a) the waiting model to be used,

(b) average cars in the system, and

(c) average time in the system.

**Question 5. Question : (TCO 9)** List three linear program applications and their respective uses.

**GSCM 209 DeVry Week 6 Quiz Latest**

**Question : (TCO 14)**Briefly describe a decision table.

**Question 2. Question : (TCOs 13 and 14)** Consider the following decision table, which Bob White has developed for GoSlow Enterprises.

Decision Probability 0.2 0.5 0.3

Alternatives Low Medium High

A $50 $100 $60

B $65 $60 $70

C $90 $70 $80

D $90 $75 $70

E $75 $65 $80

Which decision alternative maximizes the expected value of the payoff?

**Question 3. Question : (TCOs 10, 11, and 12)** Bob’s Claymart has enough clay to make 24 small vases or six large vases. He has only enough of a special glazing compound to glaze 16 of the small vases or eight of the large vases.

Let X1 = the number of small vases and X2 = the number of large vases.

The smaller vases sell for $6 each, and the larger vases bring $13 each.

Formulate the problem’s objective function, constraints, and solve for the maximum profit mix.