Question: Choose the correct answer for the following True or False questions (1 point) 8. In a good forecast, about half of the errors, should be randomly scattered above zero and half below zero. A. True B. False 9. Accurate forecasting can be done with inaccurate historical data, if the forecasting model is a good one. A. True B. False 10. It is easier to measureShow transcribed image textDear student, as per ‘s guideline I can solve four-question a…View the full answerTranscribed image text: Choose the correct answer for the following True or False questions (1 point) 8. In a good forecast, about half of the errors, should be randomly scattered above zero and half below zero. A. True B. False 9. Accurate forecasting can be done with inaccurate historical data, if the forecasting model is a good one. A. True B. False 10. It is easier to measure productivity for an operation that provides services than for one that produces goods. A. True B. False 11. Outputs of operations may be classified as goods, raw materials and profits. A. True B. False 12. Service often requires greater labor content, whereas manufacturing is more capital intensive. A. True B. False 13. Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization’s goods or services. A. True B. False 4. Human effort, technology, raw materials, and information are all examples of the necessary inputs to operations. A. True B. False oose the correct answer for the following multiple choice questions (1 point) 5. In the basic EOQ model, an annual demand of 40 units, an ordering cost of SR 5, and holding cost SR 1/unit per year will results in an EOQ of” A. 20 B. Square root of 200 C. 25 D. 40 E. 30 6. For this set of errors: -1, 4, 0, 2, 3, MAD is: A. 1.0 B. 1.6 C. 2.0 D. 2.5 E. 3.0
Choose the correct answer for the following True or False questions (1 point) 8.
