A set of systematic procedures to apply critical thinking to information, data and experience for the purpose of solving problems, making decisions, anticipating future problems and appraising situations is known as:

A. Rational process analysis

B. Lucidity analysis

C. Coherent analysis

D. Prioritization matrix analysis

What provides an illustration of the project's scope sand all tasks become the basic for monitoring the project's progress?

A. Work breakdown structure

B. Progress structure

C. Project manual structure

D. Process flow structure

Which of the following are the steps to proposal solicitation?

A. Origination, qualification and Projection

B. Selection, qualification and Management

C. Cooperation, Foundation and negotiation

D. Origination, qualification and negotiation

What is used to lessen the potential biases commonly found using a jury of executive opinion?

A. Structured method

B. Averaging method

C. Series foundation forecasting method

D. Delphi method

The underlying assumption is that a forecast can be created based on which of the following patterns observed within the time series data?

A. Vertical Seasonality, Trend and Cycle

B. Horizontal, Averaging, Variation and Smoothing

C. Horizontal, Seasonality, Trend and Cycle

D. Vertical, Seasonality, Variation and Smoothing

happens when one or more existing competitors realize an opportunity to improve their position or when they are responding to the pressure from other competitors.

A. Substitute bargaining

B. Antagonism

C. Rivalry

D. Business Conflict

The amount of reserve capacity that a firm maintains to handle sudden increases in demand or temporary losses of production capacity is called:

A. Capacity cushion

B. Capacity capability

C. Capacity staffing

D. Capacity board

Two back-to-back quarters of negative gross domestic product growth is referred to as:

A. Recession

B. Hunch

C. Nose-dive

D. Obsolescence

An appraisal process developed to measure and improve an organization's critical core capabilities is called:

A. Capability Maturity Model

B. Capability Maturity Model Integration

C. Supply Management Performance

D. Acquisition Validation Model

A one-way system with incoming goods flowing to the left of the entry and into one of the three storage areas, depending on usage is the:

A. Inverted T warehouse

B. Cross-flow warehouse

C. Inverted U warehouse

D. Through-flow warehouse