Which of the following is most true about Sales and Operations Planning?
A) It is typically done in financial terms.
B) It usually includes only sales and manufacturing people.
C) It usually includes all functions at the executive level.
D) It usually is produced only once a year.
C
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New forecast = [(? x latest observation) + ((1 – ?) x old forecast)] is the formula for ______.
A. moving average B. weighted moving average C. exponential smoothing D. factor rating method
Which of the following factors does NOT lead to provider gap 4?
A. Differences in policies and procedures across company branches B. Over-promising in advertising C. Absence of strong internal marketing program D. Creating clear standards E. Insufficient communication between advertising and operations
Napoleon doesn't know what to think, since he has no idea which scenario will happen. Which criterion is he well-suited for and what is his decision?
Napoleon is contemplating four institutions of higher learning as options for a Masters in Business Administration. Each university has strong and weak points and the demand for MBA graduates is uncertain. The availability of jobs, student loans, and financial support will have a significant impact on Napoleon's ultimate decision. Vanderbilt and Seattle University have comparatively high tuition, which would necessitate Napoleon take out student loans resulting in possibly substantial student loan debt. In a tight market, degrees with that cachet might spell the difference between a hefty paycheck and a piddling unemployment check. Northeastern State University and Texas Tech University hold the advantage of comparatively low tuition but a more regional appeal in a tight job market. Napoleon gathers his advisory council of Kip and Pedro to assist with the decision. Together they forecast three possible scenarios for the job market and institutional success and predict annual cash flows associated with an MBA from each institution. All cash flows in the table are in thousands of dollars. School Scenario 1 Scenario 2 Scenario 3 Vanderbilt 95 20 -10 Texas Tech 55 60 60 Seattle 90 10 80 Northeastern State 65 50 60
The agreement between the United States, Canada, and Mexico that merges these three countries into one marketplace is called
A. EU. B. MERCOSUR. C. APEC. D. NAFTA. E. GATT.