A company wants to forecast demand using the simple moving average. The company uses four positive prior yearly (2013,2014,2105 and 2016) sales values. All yearly sales figures are unique (no repetitions). Which of the following is most accurate about the moving average forecast for year 2017?
A. Has to be between the smallest and largest yearly sales figures.
B. Has to be larger than at least one of the four yearly sales figures.
C. Has to be smaller than at least one of the four yearly sales figures.
D. Has to be greater than all four yearly sales figures.
E. A, B and C only
Answer: E
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The difference between a department's net sales and cost of goods sold is known as the
a. departmental gross profit. b. departmental operating income. c. departmental operating expenses. d. departmental direct operating margin.
In a meeting to discuss pension plans, management decides to offer retirement plans exclusively to the organization's owners and top managers. Jeremy, one of the top managers, disagrees with this decision because he believes the company can benefit more by providing pensions to a broad range of employees. Which statement strengthens Jeremy's belief?
A. Pension plans are determined exclusively by state and federal laws. B. Extending pension plans to employees at all levels will triple the costs. C. The ADEA provides more favorable tax treatment of benefits when they are offered to a broad range of employees. D. A top-heavy plan requires faster vesting for non-key employees. E. Nondiscrimination rules provide tax benefits to plans that do not favor the organization's highly compensated employees.
Which of the following elements of the marketing communications mix includes a variety of programs directed internally to employees of the company or externally to consumers, other firms, the government, and media to promote or protect a company's
image or its individual product communications? A) direct marketing B) public relations and publicity C) personal selling D) advertising E) sales promotion
Which of the following is an argument against the use of direct (variable) costing?
a. Absorption costing overstates the balance sheet value of inventories. b. Variable factory overhead is a period cost. c. Fixed manufacturing overhead is difficult to allocate properly. d. Fixed manufacturing overhead is necessary for the production of a product.