Midterm
Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
Date Taken:
Time Spent:
Points Received:
182 / 190
Question Type:
# Of Questions:
# Correct:
Multiple Choice
6
5
Essay
6
N/A
Grade Details - All Questions
1.
Question :
(TCO 1) The type of budget that is updated on a regular basis is known as a ________________
Student Answer:
continuous budget.
revised budget.
updated budget.
flexible budget. Instructor Explanation:
Chapter 1, Page 8
Points Received:
5 of 5 Comments:
2.
Question :
(TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales assuming that the closest time period is a more accurate predictor of future sales is:
Student Answer:
Moving average model
Weighted moving average model
Closest moving average model
Exponential smoothing model Instructor Explanation:
Chapter 15, Page 236
Points Received:
5 of 5 Comments:
3.
Question :
(TCO 3) The regression statistic that measures how many standard errors the coefficient is from zero is the ________________
Student Answer:
correlation coefficient.
coefficient of determination.
standard error of the estimate.
t-statistic. Instructor Explanation:
Chapter 16, Page 247
Points Received:
5 of 5 Comments:
4.
Question :
(TCO 4) Capital expenditures are incurred for all of the following reasons except:
Student Answer:
As preventive maintenance
To counteract competition
Decreased production
Improvement in product quality Instructor Explanation:
Chapter 13, Page 201
Points Received:
5 of 5 Comments:
5.
Question :
(TCO 5) Which of the following is not true when ranking proposals using zero-base budgeting?
Student Answer:
Due to changing circumstances, a low-priority item may later become a high-priority
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
Date Taken:
Time Spent:
Points Received:
182 / 190
Question Type:
# Of Questions:
# Correct:
Multiple Choice
6
5
Essay
6
N/A
Grade Details - All Questions
1.
Question :
(TCO 1) The type of budget that is updated on a regular basis is known as a ________________
Student Answer:
continuous budget.
revised budget.
updated budget.
flexible budget. Instructor Explanation:
Chapter 1, Page 8
Points Received:
5 of 5 Comments:
2.
Question :
(TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales assuming that the closest time period is a more accurate predictor of future sales is:
Student Answer:
Moving average model
Weighted moving average model
Closest moving average model
Exponential smoothing model Instructor Explanation:
Chapter 15, Page 236
Points Received:
5 of 5 Comments:
3.
Question :
(TCO 3) The regression statistic that measures how many standard errors the coefficient is from zero is the ________________
Student Answer:
correlation coefficient.
coefficient of determination.
standard error of the estimate.
t-statistic. Instructor Explanation:
Chapter 16, Page 247
Points Received:
5 of 5 Comments:
4.
Question :
(TCO 4) Capital expenditures are incurred for all of the following reasons except:
Student Answer:
As preventive maintenance
To counteract competition
Decreased production
Improvement in product quality Instructor Explanation:
Chapter 13, Page 201
Points Received:
5 of 5 Comments:
5.
Question :
(TCO 5) Which of the following is not true when ranking proposals using zero-base budgeting?
Student Answer:
Due to changing circumstances, a low-priority item may later become a high-priority