A danger of forecasting discussed in the text is that
A. in most cases, the expense of collecting the necessary data exceeds the benefit
B. managers may view uncertainty as "black and white" while ignoring important "grey areas"
C. forecasting's retrospective nature provides little information about the future
D. it can create legal problems for the firm if regulators discover the company is making forecast
Answer: B
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The Alternative Energy Association would like a certain law enacted, administered, interpreted, and enforced in the best interest of its members, which include solar power companies. Under the Constitution, Congress
a. ?administers the laws.
b. ?enforces the laws.
c. ?interprets the laws.
d. ?enacts the laws.
Future costs that differ across alternatives are
A) opportunity costs. B) sunk costs. C) relevant costs. D) variable costs. E) product costs.
Although businesses prefer to deliver bad news to employees personally, when bad news must be given to large groups of employees, businesses are most likely to use which of the following?
A) Newspaper advertisements B) Hard-copy memos C) Tweets D) Wikis
If a message data element has six or more binary 1s, a technique called ________ is performed
A) element reduction B) binary reduction C) bit mining D) bit stuffing