Complete Question:
Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?
- Her forecasts will probably be 100% accurate.
- Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
- Her demand forecasts for each style of skirt will be less accurate than her demand forecasts for all skirts.
- The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.
Answer:
Option 4 is the correct answer
Explanation:
Because the only best way to forecast the amount of fabric required for the is dependent upon the number of customer orders for each type of skirt she receives.
Remember that the forecasting cannot be 100% correct because we human and we cannot tell the future with 100% surety. All we can do is guessing what would happen.
With the help of past data we can better estimate the demand. As their is no past data available we can make a reliable forecast of the skirt sales.
Option 3 is also incorrect because forecasting is dependant upon the reliable source of information which helps in estimating what would happen. Estimating single or combined sales is not a reliable source of information.
Answer:
transactions
Explanation:
the accountant analyzes transactions before financial information is represented in reports
Answer:
D. Smaller "communities" or "houses" should be developed to lessen the impersonal nature of large middle schools.
Explanation:
- The carnage foundation is a US-based education policy and research center that is committed to teaching and developing a network of ideas, individuals, and advanced teaching institutions.
Answer:
greenfield venture.
Explanation:
The greenfield venture is the venture is a type of foreign direct investment i.e. FDI in which the investment is made either by an individual, firm or company in the other country. In this the business is developed from the initial stage also it has the highest controlling power. Also to set up the business in other countries, various benefits are provided that are in terms of discount, commission, subsidies, tax benefits
Therefore the given situation represents the green field venture example
Answer:
The Pandemic has made chicken more expensive, in order to offset this effect to consumers, government subsidized the price of chickens by a per-unit subsidy. If it wants to study the substitution effect of this subsidy, the government should imposed a Lump-sum tax.
False
Explanation:
The government should have imposed a lump-sum subsidy if it really wanted to study the substitution effect of the subsidy instead of imposing a lump-sum tax. This subsidy should be granted to chicken farmers to reduce their production costs, which will in turn reduce the cost of chicken to the consumers. A lump-sum tax sounds like a contradictory effort to offset the high cost of chicken on the consumers.
