Which of the following is not a micro view school of thought?
a. entrepreneurial trait school of thought
b. venture opportunity school of thought
c. strategic formulation school of thought
d. inherited business school of thought
ANSWER: d
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All of the following are external events (transactions) except for
a. a department store recognizing losses from shoplifting. b. a department store running ads in a local newspaper. c. a department store purchasing merchandise from a clothing manufacturer. d. a department store selling clothing to customers on credit.
Credit that requires collateral, which ensures payment of the loan, is referred to as ________
A) unsecured credit B) secured credit C) equal credit D) fair credit
What are the five reasons given by suppliers for their reluctance to enter into JIT systems?
What will be an ideal response?
Assume that a time-series forecast is generated for future demand and subsequently it is observed that the forecast method did not accurately predict the actual demand
Specifically, the forecast errors were found to be: Mean absolute percent error = 10% Cumulative sum of forecast errors = 0 Which one of the statements concerning this forecast is TRUE? A) The forecast has no bias but has a positive standard deviation of errors. B) The forecast has a positive bias and a standard deviation of errors equal to zero. C) The forecast has no bias and has a standard deviation of errors equal to zero. D) The forecast has a positive bias and a positive standard deviation of errors.