Which of the following is a drawback of mean absolute deviation (MAD)?
a. There is no information about the forecasting bias.
b. The cancellation of the positive and negative forecast errors can distort the information.
c. Large errors tend to be magnified because they are squared.
d. It is very complex to calculate.
a. There is no information about the forecasting bias.
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The ability to speak foreign languages is one difference between managers born and raised in the United States and those born and raised elsewhere. Which of the following is true and reflects this statement?
A) There are 200 million Chinese children studying English. B) There are 24 million American children studying Chinese. C) There are 200 million Indian children studying Chinese. D) Chinese managers study English as much as Chinese. E) There are equal numbers of American and Chinese children studying English.
The market value of any real or financial asset, including stocks, bonds, or art work purchased in hope of selling it at a profit, may be estimated by determining future cash flows and then discounting them back to the present.
Answer the following statement true (T) or false (F)
Which of the following is an example of the coordination and communication function of the budgeting process?
A) A budget demands integrated input from different business units and functions. B) Employees are motivated to achieve the goals set by the budget. C) Each department acts independently because the department manager will be evaluated on actual departmental results.
A disadvantage of maintaining a small inventory is _____
a. high storage costs b. high chance of deterioration c. the high chance of stockouts d. high insurance costs