The services market sells diverse services such as legal advice, auto repair, and dry cleaning. Along with ________, insurance, and real estate businesses, transportation, communication and public utility firms, and not for profits, these firms represent about 75 percent of all industrial firms.
A. wholesalers
B. finance
C. educational institutions
D. retailers
E. government units
Answer: B
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The debit side of the work in process account represents:
a. direct materials and direct labor. b. direct materials, direct labor and finished goods. c. indirect materials, indirect labor and direct labor. d. direct materials, direct labor and applied overhead. e. finished goods.
In the context of the eight stages of effective listening, which of the following is a purpose of stage one, listening without objectives?
a. Identifying influencers to improve overall marketing strategy b. Measuring impact of satisfaction or frustration during interaction c. Generating high sense of satisfaction for customers d. Keeping up with brand and competitor information
A high accounts receivable turnover in comparison with competitors suggests that the firm should tighten its credit policy.
Answer the following statement true (T) or false (F)
The mean absolute error, mean squared error, and mean absolute percentage error are all methods to measure the accuracy of a forecast.These methods measure forecast accuracy by
a. determining how well a particular forecasting method is able to reproduce the time series data that are already available. b. using the current value to estimate how well the model generates previous values correctly. c. predicting the future values and wait for a pre-defined time period to examine how accurate the predictions were. d. adjusting the scale of the data.