Which of the following statements is true about the forecasting error measures?
a. Mean absolute deviation is complex and difficult to compute.
b. Cumulative sum error tracks the forecasting bias.
c. Mean absolute deviation provides the percentage of error.
d. Mean squared errors cannot track the accuracy of the forecast.
b. Cumulative sum error tracks the forecasting bias.
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Speed Zone Inc, dealers in automobiles, pays its employees a commission of 5 percent on each sale. What is the proper classification of the cost of sales commissions?
A) Scattered cost B) Variable cost C) Mixed cost D) Fixed cost
All of the following are recommended guidelines for effectively making social contacts EXCEPT:
A) responding to the customer's comments B) making nonverbal gestures of listening C) discussing your personal experiences D) maintaining appropriate eye contact E) initiating the social contact
If Rachel invests $1700 today in an account that pays 6 percent interest compounded annually, how long will it take for her to accumulate $6,500 in her account?
A. 23.02 years B. 18.50 years C. 20.52 years D. 16.89 years E. 25.65 years
A sustainable strategy is one that produces a competitive advantage that can be maintained over time.
Answer the following statement true (T) or false (F)