Busn 278 Study guides, Class notes & Summaries

1. Question : (TCO 1) It is important that budgets be accepted by . Student Answer: division managers department heads supervisors All of the above Question 2 . Question : (TCO 2) The qualitative forecasting method that individually questions a panel of experts is . Student Answer: executive opinions sales force polling the Delphi method consumer surveys Question 3 . Question : (TCO 3) The regression statistic that measures how many standard errors the coefficient is from zero is the . Student A...

1. Question : (TCO 1) It is important that budgets be accepted by . Student Answer: division managers department heads supervisors All of the above Question 2 . Question : (TCO 2) The qualitative forecasting method that individually questions a panel of experts is . Student Answer: executive opinions sales force polling the Delphi method consumer surveys Question 3 . Question : (TCO 3) The regression statistic that measures how many standard errors the coefficient is from zero is the . Student A...

BUSN 278BUSN278_Quizzes_ALL_H

Week 1 DQ 1: Budgeting & Planning Discuss the relationship between budgeting & planning. How are they related? What differences exist between the two? Business planning is the process of setting goals for an enterprise & learning about the obstacles that the company might face. Business planning is important because it provides managers with an objective, well-informed vision of the future. In addition, a business plan is useful for investors & partners, who are usually interested in the compa...

1. (TCO 1) A common starting point in the budgeting process is . (Points : 5) expected future net income past performance to motivate the sales force a clean slate, with no expectations 2. 2. ( TCO 2) “Groupthink” is a primary disadvantage of which qualitative forecasting method? (Points : 5) Executive opinions Sales force polling Delphi method Consumer surveys 3. 3. (TCO 3) Which of the following is not an example of a seasonal variation? (Points : 5) Increased restaurant sales on Fridays &...

(TCO 1) Why are budgets useful in the planning process? (TCO 2) The qualitative forecasting method that individually questions a panel of experts is _____. (TCO 3) Which of the following is not use d to evaluate the accuracy of regression results? (TCO 4) Capital expenditures are incurred for all of the following reasons except _____. (TCO 5) Priority budgeting that ranks activities is known as _____. (TCO 6) Which of the following ignores the time value of money? (TCO 1) There are several appro...

Week 1 DQ 2, Forecasting Techniques Discuss the difference between quantitative & qualitative forecasting. Does one provide a more accurate forecast than the other? The differences between qualitative & quantitative forecasting is that: with Qualitative forecasting, (1) educated guess or experts opinions are made. (2) It can be useful in formulating short-term forecast & can also supplement projection based on the use of any of its four models namely executive opinions, Delphi, Sales - force...

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