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
C. exponential smoothing
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Which of the following transactions would be recorded in a sales journal of the type illustrated in the text?
A) customer return of merchandise originally bought on credit B) customer purchase of merchandise for cash C) sale by a used car dealer of part of the property surrounding his display lot D) customer purchase of merchandise on credit terms
Factory overhead costs may include all of the following except:
A. Indirect material costs. B. Selling costs. C. Assembly supplies. D. Indirect labor costs. E. Factory rent.
Simon started working at Solaris Industries right after college, and he had instant rapport with his boss, Felix. Felix not only showed him the ropes, but always encouraged Simon as he pursued his goals, such as starting graduate school. Over the years, Simon and Felix developed a close relationship, with Felix coming to Simon's wedding and his graduation. The other employees in Felix and Simon's department love Felix as well. A few months ago, Felix retired and was replaced by Emmett. Emmett has a very different personality but soon proves himself to be an effective and motivating boss. What do you think is a likely reaction of Simon to this change?
A. He tells his colleague Naomi that things are not the same and that he is thinking about leaving the company. B. Simon, along with the rest of the employees feel demoralized, unmotivated, and angry about the change. C. He is resentful because he feels he should have gotten Felix's job, so he talks to senior management. D. Simon's affect-based trust of Felix and the company is transferred to Emmett. E. After a period of depression, Simon experiences a renewed sense of commitment to the company.
What is turnover?
What will be an ideal response?