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serg [7]
3 years ago
6

__________ is a qualitative forecasting technique in which experts work individually to develop forecasts. The individual foreca

sts are shared among the group, and then each participant is allowed to modify his or her forecast based on information from the other experts. This process is repeated until consensus is reached. ANSWER
a. Unselected Panel consensus forecasting
b. Unselected Build-up forecasting
c. Unselected The Delphi method
d. Unselected The life cycle analogy method
e. Unselected I DON'T KNOW YET
Business
1 answer:
alex41 [277]3 years ago
8 0

Answer:

C

Explanation:

Delphi method is a iterative group process, continues until consensus is reached.  

It is generally applied to long term forecasting of demand. It is good for new products or for situations that are not well suited for quantitative analysis. Like other qualitative approches, the Delphi method is difficult to accurately measure.

There are three parts of participants:

-Decision maker. Evaluate responses and make decisions.

-Staff. Administering survey.

-Respondents. People who can make valuable judgments.

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Assume the market basket for the consumer price index has two​ products, bread and​ milk, with the following values in 2013 and
Gnesinka [82]

Answer:

b. 116

Explanation:

The calculation of Consumer Price Index is shown below:-

CPI = ((Base year basket quantities × current year price) ÷ (Base year basket quantities × Base year prices)) × 100

= ((50 × $1.50) + (100 × $1.10)) ÷ ((50 × $1.20) + (100 × $1.00)) × 100

= (185 ÷ 160) × 100

= 115.6

0r 116

So, for computing the consumer price index for 2018 we simply applied the above formula.

3 0
3 years ago
During 2017, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing o
grigory [225]

Answer:

Raw Materials transferred to production during 2017 $1,466,000

Explanation:

The computation of the raw material transferred to production is given below:

Opening raw material 2016 $80,000

Add : Purchase of Raw material $1,450,000

Less Closing Stock raw material 2017 $64,000

Raw Materials transferred to production during 2017 $1,466,000

Hence, the same should be relevant

8 0
2 years ago
Brainstorm Company purchased office furniture and equipment for $20,000 and agreed to pay for the purchase by making six annual
Studentka2010 [4]

Answer:

The required annual installment payment is $4067.25.

Explanation:

annual installment = (20000×6%)/(1 - (1 + 6%)^6)

                               = $4067.25

Therefore, the required annual installment payment is $4067.25.

4 0
3 years ago
Due to more emphasis on empowerment and more talented and better-educated lower-level management, span of control in organizatio
Firdavs [7]

Answer:

Narrowed

Explanation:

Span of control is the term now used more commonly in business management, particularly human resource management. Span of control refers to the number of subordinates a supervisor has.

Span of control has narrowed as the persons are capable of fullfill the requierements on any specific task without constant supervision

8 0
3 years ago
Identify the correct order of the four steps used to prepare a production cost summary (report). 1)Summarize the cost flow of ph
Veronika [31]

Answer:

The answer is "Option C".

Explanation:

The Costs of production relate to the price of a company producing or producing a service, which can include the range of expenditures, like labor, manufactured goods, supplies of items, and expenses. It has mainly four steps that can be defined as follows:

  • Complete the physical unit flow.
  • Measure the production unit's equivalent.
  • Compare the value per unit for output equivalent.
  • Assign costs to finished units and manufactured units.

5 0
3 years ago
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