What are the differences between quantitative and qualitative forecasting methods?
What will be an ideal response?
Quantitative methods use mathematical models to analyze historical data. Qualitative methods incorporate such factors as the decision maker's intuition, emotions, personal experiences, and value systems in determining the forecast.
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Often variable costs are spread out over many years and sometimes different products
Indicate whether the statement is true or false
To help develop teamwork, the mission statement should be created when the team has been together for at least a year
Indicate whether the statement is true or false.
Target return pricing objectives
A. aren't used by industry leaders because they can maximize profits. B. may simplify the management of large producers with many divisions or departments. C. would never make sense for a nonprofit organization. D. are usually very high for firms facing heavy competition. E. All these answers are correct.
The right of a shareholder to examine the books and records of the corporation is a valuable right. However, it may be denied if the shareholder:
A) seeks information to determine the financial condition of the corporation. B) desires to know the amount of executive salaries. C) seeks information to embarrass or cause loss to the corporation. D) desires the names and addresses of other shareholders.