If a firm produced a product that was experiencing growth in demand, the smoothing constant alpha (reaction rate to differences) used in an exponential smoothing forecasting model would tend to be which of the following?
A. A very low percentage, less than 10 percent
B. The more rapid the growth, the higher the percentage
C. Close to zero
D. The more rapid the growth, the lower the percentage
E. 50 percent or more
Answer: B
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The purpose of a management rights clause is to ensure that management:
A. Does not interfere with the rights of the union or rights of employees. B. Has the ability to file unfair labor practice charges against the union if the union violates their rights. C. Maintains decision-making authority over traditional management functions. D. Has unilateral control over wages, benefits, and hours of work.
A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $99,000
During the year, Sales Revenue amounted to $73,000, Sales Returns and Allowances were $1,400, Sales Discounts were $3,100, Cost of Goods Sold was $30,000, and all other expenses totaled $16,000. The company declared and paid $25,000 as dividends. The last step in the closing process would include ________. A) a debit to Income Summary for $50,500 B) a credit to Income Summary for $73,000 C) a debit to the Retained Earnings account for $20,500 D) a debit to the Retained Earnings account for $25,000
Which of the following statements about the basic EOQ model is TRUE?
A) If the ordering cost were to double, the EOQ would rise. B) If annual demand were to double, the EOQ would increase. C) If the carrying cost were to increase, the EOQ would fall. D) If annual demand were to double, the number of orders per year would increase. E) All of the above statements are true.
Richard Branson, the founder of the Virgin Group, is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and acting on new business ideas.
Answer the following statement true (T) or false (F)