1.Which of the following is not one of the six basic questions that a forecast m
ID: 2739831 • Letter: 1
Question
1.Which of the following is not one of the six basic questions that a forecast must answer?
a.
How much profit will the firm be able to make?
b.
How much time do I have to develop the forecast?
c.
How relevant is and what is the availability of historical data?
d.
What is the time period of the forecast?
e.
Who will be using the forecast?
2. Which of the following statements about forecasting is false?
a.
Product life cycle influences the length of the forecast.
b.
The forecasting horizon should be at least as long as your strategic plan.
c.
The longer the time horizon the more accurate the forecast will be.
d.
The longer the time horizon the more inaccurate the forecast will be.
e.
There is an inverse relationship between forecast accuracy and time.
3. Judgmental models include all of the following except
a.
historical analogy.
b.
market research.
c.
moving average.
d.
survey of customers.
e.
survey of sales forces.
4. The forecasting model that uses a panel of experts who may not even know each other is (the)
a.
Delphi Method.
b.
Historical Analogy.
c.
Market Research.
d.
Survey of Customers.
e.
Survey of Sales Forces.
5. The forecasting model that uses the constant alpha as an adjustment factor is (the)
a.
exponential smoothing.
b.
mean absolute deviation.
c.
moving average.
d.
weighted moving average.
6. All of the following accounts are part of cash management except
a.
cash in a checking account.
b.
cash in a savings account.
c.
cash invested in a stock mutual fund.
d.
cash on hand.
e.
petty cash.
7. Which of the following is true about disbursement float?
a.
Funds are removed from the checking account immediately when the check clears the checking account.
b.
Funds are deposited to a checking account immediately when a check is written.
c.
Funds are collected and credited to an account.
d.
Funds are collected and debited to an account.
8. Collection float is the amount of time that elapses between _______________ a check in an account and the check’s _______________ , at which point the funds are actually placed in the account.
a.
depositing; clearing
b.
issuing; clearing
c.
writing; being deposited
d.
receiving; being deposited
e.
a and b above
9. Which of the following is a method used to speed up cash receipts?
a.
lock box
b.
electronic funds transfer
c.
writing a check
d.
a and b above
e.
b and c above
10. The practice of selling a firm’s accounts receivable to another firm at a discount is known as
a.
crediting.
b.
excising.
c.
exporting.
d.
factoring.
e.
none of the above.
1.Which of the following is not one of the six basic questions that a forecast must answer?
a.
How much profit will the firm be able to make?
b.
How much time do I have to develop the forecast?
c.
How relevant is and what is the availability of historical data?
d.
What is the time period of the forecast?
e.
Who will be using the forecast?
Explanation / Answer
1.Which of the following is not one of the six basic questions that a forecast must answer?
How much time do I have to develop the forecast?
2. Which of the following statements about forecasting is false?.
The longer the time horizon the more accurate the forecast will be.
3. Judgmental models include all of the following except
historical analogy.
4. The forecasting model that uses a panel of experts who may not even know each other is (the)
Delphi model
5. Exponential smoothing
6.cash invested in a stock mutual fund.
7.Funds are removed from the checking account immediately when the check clears the checking account.
8.
issuing; clearing
9. a & b of above
10. factoring
How much time do I have to develop the forecast?
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