Which of the following statements regarding the lookback period for 2018 is correct?
A. The lookback period consists of the four quarters starting July 1, 2016 through June 30, 2017.
B. The lookback period consists of the four quarters starting April 1, 2016 through March 31, 2017.
C. The lookback period consists of the four quarters starting January 1, 2017 through December 31, 2017.
D. The lookback period consists of the four quarters starting October 1, 2016 through September 30, 2017.
Answer: A
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Which of the following is usually not part of an ERP's core applications?
a. OLTP applications b. sales and distribution applications c. business planning applications d. OLAP applications
Why should long-run objectives take precedence over short-run objectives?
A. The focus is placed on improving performance in the long term. B. Long-run objectives will satisfy shareholder expectations for progress. C. Long-run objectives will force the company to deliver performance improvement in the current period. D. Long-run objectives are necessary for achieving long-term performance and stand as a barrier to undue focus on short-term results. E. Long-run objectives will keep the company in line with its balanced scorecard.
Motivations to smooth net income over time include each of the following except:
A. Make it appear managers are doing better than they really are B. Steady increase in earnings each year C. Minimize overall taxes D. Maximize bonuses and stock option values
If a forecast is consistently greater than (or less than) actual values, the forecast is said to be biased
Indicate whether the statement is true or false