1) If overall input to an operation exceeds its capacity, then all are likely to occur except:
a) Reduced lead-times in the operation
b) Reduced work in process inventory in the operation
c) Improved operational performance
d) Increased operational costs
e) All of the above
2) The difference between actual demand and the forecast is:
A. Forecast error
B. Mean absolute percentage error
C. Absolute deviation of forecast error
D. Mean absolute deviation of forecast error
3) All of the following about the Theory of Constraints is true except:
a) Assumes that most companies have a goal to make more money now and in the future
b) A key necessary condition is to satisfy customer needs now and in the future
c) Is primarily focused on optimizing all activities in the organization
d) Assumes there are very few factors that truly block the organization from achieving its goal