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antiseptic1488 [7]
3 years ago
8

The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results.

Business
1 answer:
Zigmanuir [339]3 years ago
8 0

Answer:

Law 2

Explanation:

In probability. As bigger the group we are trying to predict , the higher probability to be more accurate

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In order to alleviate the effects of bias in employment testing, employers might want to use ________ because they typically do
damaskus [11]

Answer: a. tests of conscientiousness

Explanation:

Test that measure conscientiousness essentially check to see if the prospective employee is capable of doing the tasks required of them well and with seriousness. The test will also show if the person is capable of showing the required diligence and care in their roles.

Such tests are free of bias in testing as conscientiousness can be measured evenly across cultures.

6 0
2 years ago
Assuming that the physical output (i.e., the actual quantity of all final goods and services) of all final goods and services re
joja [24]

Answer:

a) true

Explanation:

A rise in the general price level is called inflation and it affects the nominal value of the company's output. E.g. you sell pants and last year they sold at $10 and now since inflation rate is 10%, they sell at $11. But inflation only affects nominal values, it doesn't affect real values which are calculated using a base price of a certain year X, times the quantity sold. Following the example, your real output would not be $11 per pair of pants, instead it would still remain at $10 since the inflation is discounted.

5 0
3 years ago
Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea
vladimir1956 [14]

Answer:

Consider the following explanations

Explanation:

Q1.) the short run fluctuations in the real GDp is known as the business cycles.

Q2.)yes , it is true that Short-term fluctuations in real GDP are irregular and unpredictable.

Q3.) A decrease in real GDPcoincide with declining personal income, and falling corporate profits. As incomes decline consumer spending also decline on retail goods and services and on durable goods, such asautomobiles. Households also contribute to declining investment expenditures by purchasing fewernew homes. As households spend less on products, firms cut back on industrial production and curbinvestment expenditures on physical capital.The unemployment rate tends to rise during periods of falling real GDP as firms cut back on productionand lay off workers. The unemployment rate tends to fall during economic expansions as firms expands production and hire additional workers.

5 0
3 years ago
Tide Corporation has traditionally made a subcomponent of its major product. Annual production of 30,000 subcomponents results i
poizon [28]

An amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the subcomponent.

Relevant cost per unit to make = (Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead) / Total sub-component unit

Relevant cost per unit to make = ($250,000 + $200,000 + $190,000 + $80,000) / 30,000 units

Relevant cost per unit to make = $24

Hence, the  indifferent price is $24 per unit

Therefore, an amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the sub-component.

Read more about  indifferent price:

<em>brainly.com/question/24516871</em>

8 0
2 years ago
Which of the following is an example of direct labor cost for a cell phone manufacturer? a.salary of plant supervisor b.cost of
insens350 [35]

Answer:

d.cost of wages of assembly worker

Explanation:

The following are not related to cost of producing the cell phone because

a.salary of plant supervisor: Overall supervisors are accountable of various product of the organisation for example the plant might have five outputs with the cell phone being one of them therefore his/her labor costs are not related to a certain product.

b.cost of phone components : Direct labor is related to cost of paying workers in an organisation therefore cost of phone components doesn't have anything to do with people.

c.cost of oil lubricants for factory machinery : explanation is the same as in b

d.cost of wages of assembly worker : the worker the directly linked to the production of the product thus his/her wages are a direct labor cost to the manufacturer.

5 0
3 years ago
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