The moving average forecast method is used when demand has an observable trend or seasonality
Indicate whether the statement is true or false.
Answer: FALSE
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A ________ consists of all products — original as well as line and category extensions — sold under a particular brand
A) brand line B) co-brand C) generic brand D) licensed product E) subbrand
The U.S. Army slogan Be All You Can Be appeals to which level of Maslow's hierarchy of needs?
A. esteem B. love/belonging C. safety D. physiological E. self-actualization
If a guest complaint is resolved on the spot, the probability of getting future business from that guest is said to be about _____.
a. 10 percent b. 30 percent c. 67 percent d. 95 percent
Some companies have moved to JIT without changing the substance of their accounting systems. Relying on the former accounting system may present problems for management because
a. traditional accounting systems are designed to track items (labor efficiency, purchase price, overhead absorption) that are no longer primary concerns of management. b. control of cost drivers will be lost. c. managers do not understand the new manufacturing environment. d. traditional accounting systems discourage the creation of large inventories that are necessary to ensure uninterrupted production runs.