Long term forecasts - Study guides, Class notes & Summaries

IDIS 343 Exam 2 TAMU Latest Update Already Passed Annual holding cost is calculated based on Average inventory If EOQ is ordered which of the following is true? Annual order cost is equal to the annual holding cost The Setup cost (in a production scenario) are analogous _________ costs. ordering The slope of the total cost curve at EOQ is zero The three general classes of costs that are important in identifying the EOQ Purchase cost, ordering cost, holding cost Which of th...

Buss 1 – Planning and Financing a Business – Exam 1 || With Questions & Answers (Graded A+) Buss 1 – Planning and Financing a Business – Exam 1 || With Questions & Answers (Graded A+) Finance is the function of acquiring and management of ______. - ANSWER - funds Is it more common for a firm to fail due to lack of sales or poor financial management? - ANSWER - poor financial management The three steps in the financial planning process are to forecast the firm's short- and long...

For what organizational decisions are demand forecasts used? - CORRECT ANSWER--long term(general forecast) -intermediate term(product family/service lines) -short term(detailed) What are the costs/risks of forecasts that are too high or too low? - CORRECT ANSWER-Too high: -surplus of inventory -price markdown(blackfri.) -too many employees Too low: Not enough.. -product for demand -people working(bad customer service) What are characteristics of all forecasts? - CORRECT ANSWER--ALL w...

PGA LEVEL 1 FACILITY MANAGEMENT EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. PGA Business Planning Model The process for developing a business plan starts before you established the goals you would like to achieve for the shop's coming year, - -True Staff should be involved in effective business planning to create a sense of ownership. - -True, Majors stakeholders and staff. Assessing the current state of business is the most significant advantage of strategic business pla...

Revenue Management Exam Questions with 100% Correct Answers | Verified | Latest Update

of some objective function, such as profits (or costs) CORRECT ANSWER optimization 3rd step in preparing cash budget is determination of ______ CORRECT ANSWER desired monthly beginning cash balance When preparing a cash budget, once a firm has estimated its cash receipts the firm must ____________. CORRECT ANSWER schedule disbursements Financial planning models have two classifications. What are they and how do they differ from each other? CORRECT ANSWER deterministic model - projects a...

Capsim Final Exam Elaboration [100% Correct Answers] 6 Basic Strategies *Ans* 1. Broad Coast Leader 2. Broad Differentiator 3. Niche Cost Leader (Low Technology) 4. Niche Differentiator (High Technology) 5. Cost Leader w/ Product Lifecycle Focus 6. Differentiator w/ Product Lifecycle Focus AP Lag (days) *Ans* - AP lag period in days - 30 days means you on avg wait 30 days b4 you pay your vendors - the longer you delay, the more likely that vendors will withhold parts de...

The matching principle in accrual accounting requires that: a. Expenses are matched to revenue recognition. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large enough to match expenses a The addition to retained earnings each year is: a. Net Income b. Net Income minus dividends c. Net Income plus dividends d. Net Income times the Payout Ratio b Net working capital equals: a. Current a...

Which term means areas where underdeveloped land with vegetative fuels is mixed with human-made structures? a. greenbelt b. rural-urban intermix c. wild-urban interface d. rural development zone - c. wild-urban interface Which type of map details changes in elevation? a. topographic b. cartometric c. planometric d. orthographic - a. topographic The majority of ground cover fires are extinguished with which item? a. backfire b. aircraft c. backpack pump d. CAFS - c. backpack pump ...

PGM Facility Management Level 2 Test PGA Exam Guide Questions and Verified Answers The process for developing a business plan starts before you establish the goals you would like to achieve for the shops upcoming year - CORRECT ANSWER-True A well though out business plan will typically focus on achieving financial goals - CORRECT ANSWER-Fals Staff should be involved in effective business planning to create a sense of ownership - CORRECT ANSWER-True Assessing the current state of busi...