All of the following are true about a cyclical pattern except
a. It is often due to multiyear business cycles.
b. It is often combined with long-term trend patterns and called trend-cycle patterns.
c. It usually is easier to forecast than a seasonal pattern due to less variability.
d. It is an alternating sequence of data points above and below the trend line.
c
You might also like to view...
Prospecting is the step in the selling process in which the salesperson ________
A) gathers detailed information about a prospective customer before making a sales call B) meets the customer for the first time C) identifies potential customers D) tells the customer the product's general benefit E) clarifies and overcomes customer objections to buying
What cost concept used in applying the cost-plus approach to product pricing includes only total manufacturing costs in the "cost" amount to which the markup is added?
A) Variable cost concept B) Total cost concept C) Product cost concept D) Opportunity cost concept
Answer the following statement(s) true (T) or false (F)
1. Today, most countries use a floating exchange rate. 2. Nationalism often discourages global transactions. 3. A quota is a tax against goods brought into a country. 4. Retaliation is an important consideration when evaluating the risk of imposing a tariff against certain goods. 5. Tariffs, quotas, and embargoes are all designed to protect domestic industries.
The random variable x is the number of customers arriving at the service desk of a local car dealership over an interval of 10 minutes. It is known that the average number of arrivals in 10 minutes is 5.3
The probability that there are less than 3 arrivals in any 10 minutes is:A) .0659 B) .0948 C) .1016 D) .1239