________ forecasting methods assume that the demand forecast is highly correlated with certain factors in the environment (the state of the economy, interest rates, etc.)
A) Qualitative
B) Time-series
C) Causal
D) Simulation
Answer: C
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An element of the sample space is
A. an event. B. an experiment. C. a sample point. D. probability.
Gabriel, the CEO of a large global production company, is excited about the introduction of statistics and computer simulations in the design stage of the company's products. Gabriel is using
A. the design approach. B. quantitative techniques. C. MBO. D. scientific management. E. behavioral management.
In computing a transfer price, the minimum price should be no lower than the incremental costs associated with the goods plus the opportunity cost of the facilities used
Indicate whether the statement is true or false
Brand X diapers, a national brand, has been declining in absolute level of sales for the last four consecutive months. The product manager asks the market research department to do a study to determine why sales have declined. The most appropriate research type would be ________.
A. a descriptive study B. a laboratory experiment C. an exploratory research D. a causal research E. a field experiment