MGSC 395 Final Exam 2026 | Demand Management, Time-Series Patterns & Resource Planning

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MGSC 395 FINAL EXAM 2026 WITH
QUESTIONS AND ANSWERS

A demand management option for a company is to even out the load on
resources by producing ___________ products, or services that have
similar resource requirements but different demand cycles.
A.
prescheduled products
B.
complementary products
C.
backlog products
D.
promotional products - correct answer-B




Generally, which of the following are to be avoided when managing
demand?
A.
quantity discounts
B.
backorders
C.
perishable capacity
D.

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promotional pricing - correct answer-A




A repeatable pattern of increases or decreases in demand, depending on
periods of time of within one year or less, is a time-series pattern called
A.
trend.
B.
seasonal.
C.
random.
D.
cyclical. - correct answer-B




The least predictable pattern of time-series variation is called
A.
trend.
B.
random.
C.
horizontal.
D.
seasonal. - correct answer-B

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Companies that use a two-tier forecasting system first cluster (or "roll up")
several similar services or products in a process called
A.
demand grouping.
B.
aggregation.
C.
combination.
D.
product clustering. - correct answer-B




Which of the following statements regarding forecasting "units of
measurement" is best?
A.
"Dollars" is always the best initial forecasting unit of measurement.
B.
Forecasting "product units" should always be avoided.
C.
Forecasted "product units" can be translated to dollars by multiplying them
by the unit price.
D.
If accurately forecasting demand for a product is not possible in terms of
"number of units," forecasting should be avoided. - correct answer-C