Armed only with his fingers, the owner decides that the safest forecasting approach is a linear trend line. His fingers are aching by the time he reaches May and he is worried about his ability to stuff tacos during tomorrow's dinner rush
Help him out by finding the forecast for June.
A) 673.3
B) 628.2
C) 651.4
D) 599.3
Answer: D
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A budget that plans the types and amounts of operating expenses expected that are not included in the selling expenses or manufacturing budget is a:
A. Sales budget. B. Selling expense budget. C. Overhead budget. D. General and administrative expense budget. E. Cash payments budget.
Revolutionary periods are associated with ______.
A. deep structure B. a disruption to the entire system C. the system’s subsystems and activities being pulled out of alignment D. all of these
Which of the following approaches to decision making requires knowledge of the probabilities of the states of nature?
a. minimax regret b. maximin c. expected value d. conservative
Which of the following is NOT an example of the costs involved with starting up a franchise?
A) equipment and rental fees B) insurance and license fees C) franchise fee D) employee training E) royalties