Andy took what he liked to call "the sheriff without a gun" approach to forecasting. Every period he tried a number of different forecasting approaches and simply averaged the predictions for all of the techniques
This overall average was the official forecast for the period. The more formal name for this technique is:
A) grand averaging.
B) focus forecasting.
C) simple average.
D) combination forecasting.
D
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An important new tool for inventory management is:
A) ODW. B) RFID. C) LEGO. D) VUCA. E) EPOS.
The Shiplett Company's payroll summary showed the following in November: Supervisors' salaries $50,000 Legal department salaries 10,000 Maintenance workers' wages 30,000 Machine operators' wages 70,000 Assembly workers' wages 50,000 Sales department salaries 20,000 What is total factory overhead for November?
a. $250,000 b. $200,000 c. $80,000 d. $40,000
A study found that subordinates perceived well-connected leaders to have ________ and ____________
a. ego problems and a lack of concern for subordinates’ welfare b. higher status and a better reputation throughout the organization c. faster promotions and short-term thinking that created long-term performance problems d. a polished image and lack of substance
Strategic compensation is the term used for all the processes used to determine the market rates to pay employees.
Answer the following statement true (T) or false (F)