What are forecasts?
A. Predictions based on time-series information.
B. A statement about what will happen or might happen in the future such as future sales or employee turnover.
C. A statistical process for estimating the relationships among variables.
D. A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste.
Answer: A
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Indicate whether the statement is true or false
Preferred stock on which the right to receive dividends is forfeited for any year that the dividends are not declared is referred to as:
A. Cumulative preferred stock. B. Noncumulative preferred stock. C. Callable preferred stock. D. Convertible preferred stock. E. Participating preferred stock.
Among the sources of risk identified in global supply chains, the lowest among these four is
A) shortage of skilled resources. B) currency fluctuation. C) inflexible supply chain technology. D) terrorist infiltration of cargo.
April owns a bakery that specializes in bulk orders. April does not have enough storage space and therefore maintains a very small inventory of finished goods and raw materials. She depends on her suppliers to supply raw materials quickly whenever she receives an order, and she has created a system that allows her to seamlesslycoordinate with all her suppliers in real time. From the given information, it can be inferred that April follows the:
A. push system of inventory control. B. mass production system. C. just-in-time production system. D. continuous production system.