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A number of other areas are part of, or support, the operations function. Match

ID: 390331 • Letter: A

Question

A number of other areas are part of, or support, the operations function. Match the following support areas with their descriptions. Responsible for procurement of materials, supplies, and equipment. 1. Concerned with scheduling, performance standards, work methods, quality control, and material handling. 2. Distribution Involves the shipping of goods to warehouses, retail outlets, or to customers. 3. Maintenance Industrial engineering Responsible for general upkeep and repair of equipment. 4. Purchasing 5, Resporsible for designing new products and/or services. Responsible for keeping all the accounting records for the firm. 6.

Explanation / Answer

1-Purchase

2-Industrial Engineering

3-Distribution

4-Maintainance

Main uses of medium range forecast are

A, B, C, F, H,I,L

The main purpose of medium range forecast is to judge the level of demand and production a business setup should have for 18-24 months.

16-Box-jenkins is a forecasting technique predominantly used in stock market which pick out trends, using autoregresssion, moving averages and seasonal differencing in order to generate forecast

B,D,E,G,J,K

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