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NEW QUESTION: 1
The bull whip effect is intensified along the supply chain because of what?
A. Par levels can be depleted without notice.
B. Future need is unpredictable.
C. The tendency of each level to accumulate safety stock.
D. Consumer demand is variable.
Answer: C
Explanation:
The bull whip effect is intensified along the supply chain because of the tendency of each level to accumulate safety stock. Variable consumer demand, future need predictability and par levels can be depleted without notice are not contributors to the bull whip effect.

NEW QUESTION: 2
Which can be used to determine whether a process is stable or has predictable performance?
A. Flowchart
B. Control chart
C. Matrix diagram
D. Histogram
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Control charts, are used to determine whether or not a process is stable or has predictable performance.
Upper and lower specification limits are based on requirements of the agreement. They reflect the maximum and minimum values allowed. There may be penalties associated with exceeding the specification limits. Upper and lower control limits are different from specification limits. The control limits are determined using standard statistical calculations and principles to ultimately establish the natural capability for a stable process. The project manager and appropriate stakeholders may use the statistically calculated control limits to identify the points at which corrective action will be taken to prevent unnatural performance. The corrective action typically seeks to maintain the natural stability of a stable and capable process. For repetitive processes, the control limits are generally set at ±3 s around a process mean that has been set at 0 s. A process is considered out of control when: (1) a data point exceeds a control limit; (2) seven consecutive plot points are above the mean; or (3) seven consecutive plot points are below the mean. Control charts can be used to monitor various types of output variables.
Although used most frequently to track repetitive activities required for producing manufactured lots, control charts may also be used to monitor cost and schedule variances, volume, and frequency of scope changes, or other management results to help determine if the project management processes are in control.

NEW QUESTION: 3
How many steaks did the restaurant sell between 20:00 P.M and 21:00 P.M on Wednesday?
(1) On Tuesday the restaurant sold 25 steaks between the hours of 20:00 P.M and 21:00 P.M.
(2) The average amount of steaks that are sold on Wednesdays is 25 steaks per hour.
A. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
B. Either statement BY ITSELF is sufficient to answer the question.
C. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.
D. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
E. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Both statements do not provide us with any vital information about the specific number of steaks that were sold on that specific hour. The average is not accurate enough for the question and the sales of Tuesdays could be different than those in Wednesdays. Therefore, more sufficient data is required.