Comprehensive Exam Flashcards
Operations generated forecast often not to do with
Sales
Which of the following is not true for forecasting?
a. Forecasts are rarely perfect
b. The underlying casual system will remain the same in the future
c. Forecast for a group of items is more accurate than individual item
d. Short-range forecasts are less accurate than long-range forecasts
d.
Which of the following is not a forecasting technique?
a. Judgemental
b. Time series
c. Time Horizon
d. Associative
C.
Type of forecasting technique that has subjective inputs obtained from various sources.
Judgemental Forecast
Delphi method is used for _______
Judgemental forecast
Short term regular variations related to the calendar or time of the day
Seasonality
Ergonomics principle suggests that
a. Monitoring displays should be placed outside peripheral limitations
b. Glow-in-the dark dials made of reflective substances are good for viewing in the nights
c. Visual systems should be preferred over auditory systems in noisy locations
d. All of the above
C.
The following subject(s) is (are) related to ergonomics
a. Anthropology
b. Physiology
c. Psychology
d. All of the above
D.
Cost of lost tome of injured worker is an example of
Indirect Cost of incidents
Falls, Electricity, and Inhalation is an example of what hazard?
physical hazard agents
Probability of the event that might occur times severity of the event it it occurs
Risk
Industrial safety management if that branch of management which is concerned with ______ hazards from the industries
Reducing, controlling, eliminating
It is the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by users of the information.
Accounting
The mechanical task which involves the collection of basic financial data that enters in the accounting records or in the books of account
Financial Accounting
It is the recording of business transactions and the periodic preparation of reports on financial position and results of operation
Financial Management
Work in Process Imventory includes the cost of ____
all mayerials purchased during the last period
Companies that performed services for a fee
Service
When a business entity receives payment before delivering goods, the unearned revenue account is
Credited
Subject to depreciation
Building, Equipment, Machinery
Depreciation on finished goods warehouse
Selling cost
Total revenue - total variable costs
Contribution margin
Managerial accounting presents very detailed information
True
Department performance report is part of?
Planning
It is the delegation of decision making authority throughout an organization
Centralization
Color used for radiation hazard
Purple
Class A fire consists of fire due to ___
Wood
Water is used to extinguish ____
Class A Fires
Class of fires occurs in electrical equipments
Class C fires