Table 8.5 -Use the Information in Table 8.5. Using the Exponential Smoothing

question 103

Multiple Choice

Table 8.5

-Use the information in Table 8.5. Using the exponential smoothing method, with alpha equal to 0.2, what is the forecasted demand for November? Use an initial value for the forecast equal to 277 units.

• A) fewer than or equal to 260 units
• B) greater than 260 but fewer than or equal to 275 units
• C) greater than 275 but fewer than or equal to 285 units
• D) more than 285 units

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Definitions:

Job Enlargement

Was developed to increase the total number of tasks workers perform based on the assumption that doing the same basic task over and over is the primary cause of worker dissatisfaction.

Job Description

A formal account of an employee's responsibilities, duties, and scope of work.

Reduction Strategy

A plan implemented to decrease the scale, scope, or operations of an organization, often as part of cost-cutting measures or organizational restructuring.

Stability Strategy

Essentially calls for maintaining the status quo. A company that adopts a stability strategy plans to stay in its current businesses and intends to manage them as they are already being managed. The organization’s goal is to protect itself from environmental threats. A stability strategy is frequently used after a period of retrenchment or after a period of rapid growth.