Question

Identify the WRONG statements.
P. Delphi technique is used for short range forecasting.
Q. High value of smoothing constant signifies stability in demand.
R. Break even analysis is a decision making tool.
S. Work in process is high for mass production line assembly.

• A. P, R & S
• B. P, Q & R
• C. P,Q & S
• D. Q, R & S

Answer 1

The correct option is C P,Q & S

Delphi technique is used for long range forecasting.
High value of smoothing constant is for inflationary situations.
Work in process is least for line assembly.