A salesforce survey forecast involves
A. asking the firm's salespeople to estimate sales during a coming period.
B. asking prospective customers if they are likely to buy the product during some future time period.
C. averaging the projections obtained from just regional sales managers and then making the final projection.
D. selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts were totally incorrect.
E. making decisions without any intervening steps.
Answer: A
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Michael is running for president. The proportion of voters who favor Michael is 0.8. A simple random sample of 100 voters is taken.
a.What are the expected value, standard deviation, and shape of the sampling distribution of 
?b.What is the probability that the number of voters in the sample who will not favor Michael will be between 26 and 30?c.What is the probability that the number of voters in the sample who will not favor Michael will be more than 16?
What will be an ideal response?
A major challenge in developing good listening skills is that
A) most people speak more quickly than most people process information. B) most people process information more quickly than most people speak. C) too many people compete with each other to be good listeners. D) listening is discouraged in many jobs involving people contact.
Company competitive advantages can be eroded by all the following except
A. globalization. B. rapid changes in technology. C. actions by workers outside of the industry. D. actions by rivals within the industry.
Foto Company makes 11,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials$13.10?Direct labor 20.70?Variable manufacturing overhead 2.90?Fixed manufacturing overhead 10.80?Unit product cost$47.50??An outside supplier has offered to sell the company all of these parts it needs for $42.20 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $49,500 per year.If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $5.30 of the fixed manufacturing
overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products.Required:a. How much of the unit product cost of $47.50 is relevant in the decision of whether to make or buy the part? (Round "Per Unit" to 2 decimal places.)b. What is the financial advantage (disadvantage) of purchasing the part rather than making it?c. What is the maximum amount the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 11,000 units required each year? (Round "Per Unit" to 2 decimal places.)a.Relevant manufacturing cost?per unitb.???c. Maximum acceptable purchase price?per unit What will be an ideal response?