Answer the following statement(s) true (T) or false (F)
1. Forecasts that use historical demand to predict future demand are known as associative forecasts.
2. Quantitative forecasting techniques are best suited for long-term forecasts.
3. A donut shop located at a popular beach experiencing demand that fluctuates with the tourist seasons is experiencing cyclical variation in demand.
4. Forecasters should expect to see random variation in virtually all demand.
5. Averaging fewer periods tends to make the moving average forecast more responsive.
1. False
2. False
3. False
4. True
5. True
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Male honeybees are haploid (n) while the females are diploid (2n). Based on this information, which of the following are true statements?
A. A single set of chromosomes is sufficient to code for a functional individual. B. As compared to a female, a male honeybee has half the amount of DNA. C. As compared to the females, male honeybees have twice the number of chromosomes. D. Only A and B are true.
Because of potential difficulties when seeking advice from experts, it is best to use interviews with experts when conducting marketing research ________
A) for industrial firms B) for products of a technical nature C) in situations where little information is available from other sources D) all of the above
Which of the following is the most important reason for defining decision variables as part of linear programming (LP) formulation?
a. The decision variables will set the stage for the rest of the formulation steps. b. The value of the decision variables will determine how many units will be produced at any given time. c. The value of the decision variables will determine how many constraints are needed in the LP model. d. The decision variables also determine how many goals the decision maker must achieve.
Answer the following statement(s) true (T) or false (F)
With a nonroutine venture, the initial innovation will maintain the company's competitive advantage without new technology.