Process thinking alludes to: Select one: a. Value added activities b. Careful consideration of individual products c. Planning in view of aggregated products d. Lean thinking e. Examining diversified systems as one Question 12 As part of the Important situational factors to be considered in forecasting __________________ relates to the method used and subject of forecast that should be closely related. Select one: a. Use of decision factors b. Accuracy and cost c. Timespan of the forecast d. Nature of goods and services e. Availability of data Question 13 Efficiency is one of the process performance ratios that organisations can use to measure the performance of a process. Which formula is used to measure efficiency of the process? Select one: a. Items produced /Actual rate b. Items produced /Items sold c. Actual output rate /Designed production rate d. Items produced /Inputs consumed = Output /Input
mutliple choice question
Process thinking alludes to:
Value added activities
Careful consideration of individual products
Planning in view of aggregated products
Lean thinking
Examining diversified systems as one
Question 12
As part of the Important situational factors to be considered in forecasting __________________ relates to the method used and subject of forecast that should be closely related.
Use of decision factors
Accuracy and cost
Timespan of the forecast
Nature of goods and services
Availability of data
Question 13
Efficiency is one of the process performance ratios that organisations can use to measure the performance of a process. Which formula is used to measure efficiency of the process?
Items produced /Actual rate
Items produced /Items sold
Actual output rate /Designed production rate
Items produced /Inputs consumed = Output /Input
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