Analysis and Forecasting Techniques Paper 12

1

The management of an organization has stated that two members of the same family may not be employed in the same department. Identify the component of organizational planning that is being demonstrated by management’s action.






2

Formal written policies are normally recommended. However, the presence of certain conditions in an organization minimizes the need for written policies. One condition that minimizes the need for written policies is a






3

A company has a compensation system for its managers based on a management-byobjectives (MBO) approach. The essential premise of MBO is that






4

MBO managers are most likely to believe that employees






5

Aerosub Inc. has developed a new product for spacecraft that includes the manufacturing of a complex part. The manufacturing of this part requires a high degree of technical skill. Management believes there is a good opportunity for its technical force to learn and improve as they become accustomed to the production process. The production of the first unit requires 10,000 direct labor hours. If an 80% learning curve is used and eight units are produced, the cumulative average direct labor hours required per unit of the product will be






6

Aerosub Inc. has developed a new product for spacecraft that includes the manufacturing of a complex part. The manufacturing of this part requires a high degree of technical skill. Management believes there is a good opportunity for its technical force to learn and improve as they become accustomed to the production process. The production of the first unit requires 10,000 direct labor hours. If an 80% learning curve is used, the cumulative direct labor hours required for producing a total of eight units would be






7

A linear relationship between an independent and a dependent variable means that






8

All of the following are characteristics of the strategic planning process except the






9

High Tech Industries, Inc. is in the process of preparing a competitive bid for the sale of a customized product. High Tech is currently manufacturing a comparable specialized component that is labor intensive with a long production run. The method that High Tech should use to project the cost of manufacturing the proposed new customized product is






10

In regression analysis, which of the following correlation coefficients represents the strongest relationship between the independent and dependent variables?






Result

Total Questions:
Correct Answers:
Wrong Answers:
Percentage: