All of the following are true about time series methods EXCEPT
a. they discover a pattern in historical data and project it into the future.
b. they involve the use of expert judgment to develop forecasts.
c. they assume that the pattern of the past will continue into the future.
d. their forecasts are based solely on past values of the variable or past forecast errors.
b. they involve the use of expert judgment to develop forecasts.
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As CEO Vince Thompson? states, "the ability for billions of people worldwide to share and express their? opinions" on the Internet makes it even more important? to, as the chapter? states, ___________.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is false regarding variable costing?
A) Variable overhead is treated as a product cost. B) Variable costing is required for external financial statements prepared in accordance with generally accepted accounting principles (GAAP). C) Fixed manufacturing overhead is treated as a period cost. D) Period costs are expensed as they are incurred.
According to Gladwell’s (2000) The Tipping Point, change is a “virus.” Explain how the change virus is spread: who spreads it and how it sticks.
What will be an ideal response?
Mandy Bush decides to start a residential landscaping business. How would this business most likely be classified?
A. Manufacturing business B. Marketing intermediary C. Service business D. Corporation E. Nonprofit organization