A combination of news covered by the media that boosts sales without having to pay is best described by the term ________
A) bootstrap marketing
B) entertailing
C) public relations
D) data mining
C
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The materials quantity variance, in a standard cost system, is the:
a. Difference between the actual and standard quantities. b. Difference between the actual and standard quantities multiplied by the actual unit price. c. Difference between the actual quantity used and the actual quantity purchased multiplied by the standard unit price. d. Difference between the actual and standard quantities multiplied by the standard unit price.
Profit margin is net income divided by net sales.
Answer the following statement true (T) or false (F)
Long-term forecasts are usually less accurate than short-term forecasts because
A) short-term forecasts have a larger standard deviation of error relative to the mean than long-term forecasts. B) short-term forecasts have more standard deviation of error relative to the mean than long-term forecasts. C) long-term forecasts have a smaller standard deviation of error relative to the mean than short-term forecasts. D) long-term forecasts have a larger standard deviation of error relative to the mean than short-term forecasts.
If a decision maker has to make a particular decision only once, expected monetary value is a good indication of the payoff associated with the decision
Indicate whether the statement is true or false