Answer the following statement(s) true (T) or false (F)
1. Forecast quality is likely to only impact inventory levels of finished goods, raw materials, and components.
2. Demand management is broadly defined as the process that balances customer requirements with supply chain capabilities.
3. Firms achieving good forecasts are likely to experience increased stockouts.
4. Quantitative forecasts are based on opinions and intuition.
5. When developing a forecast, sales force personnel might be inclined to overestimate demand to achieve greater bonuses.
1. False
2. True
3. False
4. False
5. False
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According to Herzberg, which of the following is an example of a hygiene factor?
A. responsibility B. advancement C. the work itself D. recognition E. interpersonal relationships
Corporations sometimes distribute assets other than cash when paying a dividend. Which of the following is/are true?
a. Such a dividend is known as a dividend in kind or a property dividend. b. The accounting for property dividends resembles that for cash dividends, except that when the firm pays the dividend, it credits the asset given up, rather than Cash. c. The amount debited to Retained Earnings equals the fair value of the assets distributed. d. When this fair value differs from the carrying value of the assets distributed, the firm recognizes a gain or loss in net income. e. all of the above
______________ accounting comes from the concept that management can manipulate the financial results of a company by adding or taking away reserves depending on the circumstances.
a. Hypothetical b. Lease accounting c. Cookie jar d. Virtual
Which of the following factors will a court look at in deciding whether a person is an employee or an independent contractor?
A) The degree of control exercised over the person by the employer. B) Whether the person uses his own tools on the job. C) Whether the person bears the risk of a profit or loss from his work. D) Both A and B E) All of the above