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NEW QUESTION: 1
Two Customer Service Representatives each book a sales order for an item that is revision and lot controlled. There are no other open, active sales orders for this item. Each Customer Service Representative pick releases their order to the same warehouse independently. The Pick Release Rule used by both includes Auto Allocation. On the resulting Move Orders, Inventory has allocated all the requested quantity for one of the sales orders, but only half the requested quantity on the second sales order was available to be allocated. Using the Transact Move Orders form, which action sequence can the warehouse person use to reduce the allocation on the first Move Order so that both customer orders can be equally satisfied?
A. 1. View/Update Allocations;
2. Change the allocated Revision and Quantity values, as appropriate.
B. 1. View/Update Allocations;
2.Change the allocated Revision and Quantity values;
3.Change the allocated Lot and Quantity values, as appropriate.
C. 1. View/Update Allocations;
2.Change the allocated Lot and Quantity values, as appropriate;
3.Select the appropriate Missing Quantity Action.
D. 1. View/Update Allocations;
2.Change the allocated Revision and Quantity values, as appropriate;
3.Change the Destination Subinventory.
Answer: C
NEW QUESTION: 2
Which of the following is a cause of model risk in risk management?
A. Incorrect parameter estimation
B. Misspecification of the model
C. All of the above
D. Programming errors
Answer: C
Explanation:
Explanation
Model risk is the risk that a model built for estimating a variable will produce erroneous estimates. Model risk is caused by a number of factors, including:
a) Misspecifying the model: For example, using a normal distribution when it is not justified.
b) Model misuse: For example, using a model built to estimate bond prices to estimate equity prices c) Parameter estimation errors: In particular, parameters that are subjectively determined can be subject to significant parameter estimation errors d) Programming errors: Errors in coding the model as part of computer implementation may not be detected by end users e) Data errors: Errors in data used for building the model may also introduce model risk Therefore the correct answer is d, as all the choices are a source of model risk.
NEW QUESTION: 3
Exhibit:
Based on the graph at the left, which statement is FALSE?
A. Asia has more coal than any other continent.
B. North America has over 4000 billion tons of coal.
C. Africa has more coal reserves than Europe.
D. Only one continent has over 10,000 billion tons of coal.
E. Asia has more coal than the other continents combined.
Answer: C
