Historical data used to predict the average or trend of actual demand is based on which of the following assumptions?
a. Past demand is not a reliable predictor of its future.
b. Past demand is a reliable predictor of its future.
c. Past demand is directly proportional to its future.
d. Past demand is independent of its future.
b. Past demand is a reliable predictor of its future.
You might also like to view...
Single sourcing is a better choice than multiple sourcing from the perspective of:
A) increased competition. B) ensuring that a supplier will not become complacent. C) spreading risk. D) gaining access to the supplier's design and engineering capabilities.
In the kanban formula, the letter T represents the time it takes to empty a box of parts through building product
Indicate whether the statement is true or false.
Zero-coupon bonds maturing in 1, 2, and 3 years have prices of 0.9020, 0.8320, and 0.7620, respectively. What is the implied forward rate from year 2 to year 3?
A) 7.94% B) 9.19% C) 09.68% D) 10.21%
A transfer of contractual duties to a third party is a(n):
a. enlistment b. assignment c. reassignment d. termination e. none of the other choices are correct