An organization's sales staff is more likely to provide a lower sales forecast than a forecast provided by market researchers.
Answer the following statement true (T) or false (F)
True
Salespeople have an incentive to bias their forecast since they may be evaluated based on their forecast.
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Which one of the following cost flow assumptions provides the lowest inventory value in periods of rising prices?
A) FIFO periodic B) LIFO periodic C) FIFO perpetual D) moving average
An express agency arrangement can be formed with which types of agreements?
A) Oral only B) Oral or written C) Written only D) An agreement is not necessary to form an express agency
The increase in the number of sources and data formats due to improved data capture technologies is an example of Big Data variety
a. True b. False
Goods made to order are typical of ________ and ________ approaches while goods made to forecast are typical of ________ and ________ approaches
A) process, mass customization; repetitive, product B) product, mass customization; repetitive, process C) product, process; repetitive, mass customization D) repetitive, product; mass customization, process E) repetitive, process; mass customization, product