Free Access ISM.CPSM.v2024-01-22.q42 Practice Test (Page 4)

Question 11

New product ideas fall into following categories except:

A.Production ideas

B.Incremental ideas

C.Breakthrough ideas

D.Derivative ideas

Question 12

What is useful when organizations are forecasting the effects of economic trends on national or worldwide supply and demand?

A.Microdata

B.Customized pooling

C.Growing manufacturing

D.Macrodata

Question 13

A temporary endeavor undertaken to create a unique product or service is called:

A.Project

B.Development

C.Enterprise

D.Build

Question 14

The mean of at least two recent periods of demand data is the basis for the next period's demand forecast is the description of which quantitative forecast method?

A.Exponential smoothing forecast

B.Weighted moving average

C.Naive forecast

D.Simple moving average

Question 15

A progressive approach to control inventory is called:

A.Depleted control approach

B.Materials inventory

C.Supplier-managed inventory

D.Delays in production approach

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Question 11

Question 12

Question 13

Question 14

Question 15

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