Chapter 4_class exercise True/False 1. The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product. Answer: TRUE 2. A time-series model uses a series of past data points to make the forecast. Answer: TRUE 3. Cycles and random variations are both components of time series. Answer: TRUE 4. One advantage of exponential smoothing is the limited amount of record keeping involved. Answer: TRUE 5. If a forecast is consistently greater
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Chapter 4 2. Why do economists use percentages rather than absolute amounts in measuring the responsiveness of consumers to changes in price? Why do economists use percentages rather than absolute amounts in measuring the responsiveness of consumers to changes in price? Economists use percentages rather than absolute amounts for two different reasons. The first reason for using percentages rather than absolute amounts has to do with the affect a particular amount can have on demand.
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E20-7 Rydell Corp Memo Record Items Annual Pension Expense Cash OCI—Prior Service Cost Pension Asset/Liability Projected Benefit Obligation Plan Assets Balance‚ Jan. 1‚ 2012 13‚800 cr 560‚000 cr 546‚200 dr Prior service cost 120‚000 dr 120‚000 cr New Balance‚ January 1‚ 2012 680‚000 cr 546‚200 dr Service cost 58‚000 dr 58‚000 cr Interest Cost $680‚000 x 9% = $61‚200 61‚200 dr 61‚200 cr Actual return 52‚280 cr 52‚280 dr Unexpected
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CHAPTER 4 PRESENTATION‚ ANALYSIS AND INTERPRETATION OF DATA This chapter presents the analysis and interpretation of data gathered out of the instruments used in the study‚ and is presented according to the specific problem sited in chapter 1 and should present the answer to the test of the hypotheses. The result of the study is presented using the tabular presentations (use of statistical table)‚ graphical presentation (use of graphs)‚ and textual presentations (use of statements or sentences)
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Solution: Moving from “make do” to “can do” Meeting SUBWAY’s expectations meant IPC needed topnotch management of key issues: Card programs: A newly implemented Gift card program – and management of an existing loyalty card program – brought high customer demand for IPC to handle card issues and placed a serious burden on them to respond efficiently. Customer service: Efforts to address issues were being duplicated and the process was managed manually. There was no real control of customer
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Chapter 4 Legal Liability for auditors 4-1. Understand litigious environment‚ which CPAs practice According to Google dictionary‚ litigious environment means a controversial environment. Where a simple mishaps can end up in a heavy lawsuit. Under common law‚ audit professionals have the responsibility to their client to fulfill their agreed on contracts. However‚ if one audit fails to fulfill their contract‚ not only they have to take responsibility to their clients but in some circumstances
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Case: Blake Electronics Statement of the problem: a. Should Steve contract the services of an outside research agency? b. If survey is warranted‚ should he employ MAI or I&K? c. Should the new product line be introduced? MAI’s proposal directly gives Steve the conditional probabilities he needs (e.g.‚ probability of a successful venture given a favorable survey). Although the information from Iverstine and Kinard (I&K) is different‚ we can easily use Bayes’ theorem to on I&K information
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Introduction Revelation chapter 4 is a vivid depiction of the Holy Throne room. John of Patmos‚ the author of the book of Revelation is called up into Heaven where he sees the One who sits on the throne‚ and illusion to God the Father. Surrounding God are elders on thrones and all kinds of creatures‚ singing of the endless glory of God. This description of the throne room has strong ties to the book of Ezekiel‚ and they both portray the same message‚ all attention‚ honor‚ and glory should be given
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E-Business Ch. 6 – 10 Assignments Chapter 6 Questions 1) Is growth of the internet‚ in terms of users‚ expected to continue indefinitely? What will cause it to slow if anything? Internet growth is now currently slowing. This is because of computer costs. Unless the price of computers drop significantly the internet growth rate will continue to decline 3) Would you say that the Internet fosters or impedes social activity? Explain your position. I would say both. The Internet probably both
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Questions for Lesson 4 Question: Explain the cultural‚ social‚ and personal characteristics that affect people when they choose a restaurant to celebrate their birthdays. Answer: Marketers are always trying to keep up with buying behaviors. Consumer buyer behavior refers to buying behaviors of individuals and households who buy goods and services for personal consumption (Kotler‚ 2008‚ pg. 131). For example‚ trying to decide what restaurant to pick to celebrate a birthday at. Different factors
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