1. Which of the following forecasting techniques is most appropriate when data is scarce?

A) Seasonal analysis
B) Computer simulation
C) Delphi method
D) Linear regression



2. Risk management assessment tools are common techniques used in which certification program?

A) ISO 31000
B) ISO 14000
C) ISO 26000
D) ISO 9000



3. A clothing company focuses its attention on high-fashion products and rapid product development. Which of the following types of value is the company trying to create?

A) Financial
B) Customer
C) Social
D) Environmental



4. Which of the following circumstances must exist to implement a warehouse management system (WMS)?

A) The warehouse must utilize a random location system
B) The facility must be able to put away product and identify the physical product location
C) The facility must have implemented radio frequency identification (RFID)
D) The warehousing and enterprise resources planning (ERP) systems must directly interact



5. A company is transitioning its fulfillment strategy from direct consumer shipment to shipping through an intermediary. Which of the following impacts can be expected?

A) Higher transportation costs
B) Higher warehousing costs
C) Lower transportation costs
D) Lower warehousing costs