Consider the below mentioned statements: 1. Without the forecast, no production function can be taken up. 2 Forecasts are subject to market dynamics and many other predictable parameters which will be known and controllable. State True or False:

Related MCQs

• Consider the below mentioned statements: 1. Quality circles are very efficient in executing low cost projects by using non-intrusive methods of improving productivity and quality throughout the organization. 2. In matching method, the production capacity is held constant at an optimum level.
• Forecast error is equal to minus Forecast demand.
• State whether the following statements are true or false. 1. Communication facility, an important factor which influences the location of a plant is a special factor. 2. Aluminum manufacturing industries must be located near the power stations.
• Which of the following is true for process layouts , hut false for production layouts ?
• For which of the following options is make-to-stock strategy feasible? 1. To produce customized products from sub-assemblies 2. To make standardized products with high volumes 3. To accommodate flexibility and offer variety 4. Where forecast is reasonably accurate
• Which of the following statements about ABC analysis is false?
• Which of the following statements about the basic EOQ model is false?
• Which of the following statements regarding a pull system is true ?
• Which of the following statements about the basic EOQ model is true
• Operations can be classified according to the degree of variations in demand and visibility of the operations as well as their volume and variety of production which of the following operations would be classified as high variation & high visibility ?