The Delphi method of forecasting is useful when:
A) judgment and opinion are the only bases for making informed projections.
B) a systematic approach to creating and testing hypotheses is needed and the data are usually gathered by sending a questionnaire to consumers.
C) historical data are available and the relationship between the factor to be forecast and other external or internal factors can be identified.
D) historical data is available and the best basis for making projections is to use past demand patterns.
A
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In spite of having about 45% of the world's known oil reserves, Saudi Arabia and other Middle Eastern countries post current-account deficits, largely because:
A) of poor accounting practices. B) of vast economic diversification. C) they must import most of the goods and services. D) most of the oil is exported. E) new businesses are being developed.
Examples of one-time costs include all of the following except
a. hardware acquisition b. insurance c. site preparation d. programming
Researchers have determined that one significant early warning sign of project failure is:
A) The time to complete the project lengthens. B) The rewards were available on an intermittent basis. C) The new product being developed was targeting a market that few new products and firms were entering or exiting. D) There was little prior experience on the project team.
Eden signs a promissory note payable to the order of First Mortgage Company. The note states that it is payable "with interest at the legal rate.". This note is
a. negotiable. b. nonnegotiable, because it does not specify a rate of interest. c. nonnegotiable, because it is payable with interest. d. nonnegotiable, because the exact amount payable cannot be deter-mined from the face of the instrument.