Untitled Section Zeus Corporation's EOQ for Material A * is 500 units. This EOQ is based on; Annual demand: 5,000 units and Ordering costs: $12.50. What are Zedlar's Corp.'s total annual ordering costs for Material A? O $6,000 O $600 O $125 $1,000 Trend projection is an example of which * kind of forecasting? O Qualitative O Time-series O Barometric O Econometricwhich of the following forecasting * methods takes a fraction of forecast error into account for the next period forecast? 0 simple average method 0 moving average method 0 weithed moving average method 0 exponential smoothing method What is the particular task performance * in CPM known as? which of the following is a casual * forecasting method? naive forecast moving average exponential smoothing OOOO linear regression which of the following is a technique used for forecasting? O PERT/0PM O Exponential Smoothing O Ghant chart 0 control chart Activities P, Q, and R instantly follow activity M, and their current starting times are 12, 19, and 10. So, what is the latest finishing time for activity M? O11 O10 018 0 Cannot be determined The role of safety stock in an organization is to 0 reduce the lead time for an order to be received. 0 reduce the probability of a stockout. 0 reduce the order point. A firm estimates that its annual carrying * cost for material X is $.30 per lb. If the firm requires 50,000 lbs. per year, and ordering costs are $100 per order, what is the E00 (rounded to the nearest pound)? Which of the following tells * management "when" to order? 0 safety stock level 0 order point 0 the economic order quantity 0 the Pareto inventory analysis Clear Day Corporation manufactures various glass products including a car window. The setup cost to produce the car window is $1,200. The cost to carry a window in inventory is $3 per year. Annual demand for the car window is 12,000 units. What is the most economical production run (rounded to the nearest unit)? 0 6,000 units 0 3,000 units 0 9,295 units 0 3,098 units Zeus Corporation's EOQ for Material A is 500 units. This EOQ is based on; Annual demand: 5,000 units and Ordering costs: $12.50. What is the annual carrying cost per unit for Material A? * * Activities A, B, and C are the immediate * predecessors for Y activity. If the earliest finishing time for the three activities are 12, 15, and 10, then what will be the earliest starting time for Y? 0 Cannot be determined A company has estimated its economic * order quantity for Part A at 2,400 units for the coming year. If ordering costs are $200 and carrying costs are $.50 per unit per year, what is the estimated total annual usage? 0 6,000 units 0 28,800 units 0 7,200 units 0 2,400 units Omsim Corporation produces quality jewelry items for various retailers. For the coming year, it has estimated it will consume 500 ounces of gold. Its carrying costs for a year are $2 per ounce. No safety stock is maintained. If the E00 is 100 ounces, what would be the estimate for Omsim's total carrying costs for the coming year? Forecasts are referred to as naive if they 0 are based only on past values of the variable. are short-term forecasts. are long-term forecasts. OOO generally result in incorrect forecasts. * A company annually consumes 10,000 * units of Part C. The carrying cost of this part is $2 per year and the ordering costs are $100. The company uses an order quantity of 500 units. By how much could the company reduce its total costs if it purchased the economic order quantity instead of 500 units? A qualitative forecast * 0 predicts the quality of a new product. 0 predicts the direction, but not the magnitude, of change in a variable. is a forecast that is classified on a O numerical scale from 1 (poor quality) to 10 (perfect quality). 0 is a forecast that is based on econometric methods. Omsim Corporation produces quality jewelry items for various retailers. For the coming year, it has estimated it will consume 500 ounces of gold. Its carrying costs for a year are $2 per ounce. No safety stock is maintained. If the E00 is 100 ounces, what is the cost per order? Which of the following is not a qualitative forecasting technique? 0 Surveys of consumer expenditure plans 0 Perspectives of foreign advisory councils 0 Consumer intention polling O Time-series analysis *