The use of a seasonal index as a forecasting technique measures the ratio of the:

• A.average seasonal demand to the average demand for all periods.
• B.standard deviation of the seasonal demand to the standard deviation of demand for all periods.
• C.average seasonal demand to the standard deviation of the demand for all periods.
• D.average demand for all periods to the average seasonal demand.

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Which of the following documents includes the valuation of goods for assessment of duties?

• A.Bill of landing (B/L)
• B.Commercial invoice
• C.Insurance certificate
• D.Export declaration

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A company that manufactures complex mechanical assemblies to customer order and ships them directly to the customer is implementing manufacturing cells. The benefit most likely to result from this effort is a reduction in the:

• A.number of component shortages.
• B.time to fill customer orders.
• C.production planning horizon.
• D.response time to a request for quote.

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What is the inventory needed to support normal operations called?

• A.cycle stock
• B.maintenance, repair, and operating supplies
• C.pipeline stock
• D.safety stock
• E.buffer stock

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Which of the following relationships has the maximum degree of independence ofownershipand the minimum degree of integration?

• A.partnership
• B.just-in-time suppliers
• C.ad hoc trading
• D.vertical integration
• E.keiretsu

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