Define the terms question 1-6answer question 7 1. Job Description:2. Performance Appraisal:3. Chronological Order:4. Employment Contract:5. Meeting Termination:6. Trade Union Agreement:7. Differentiate between job title and job description.ks)ks)s)

Business management can be defined as the practice of managing and coordinating business activities…

Answered: 1. Job Description: 2. Performance…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Cluster analysis is often used for what business purpose? Question 12 options: Predicting product demand Segmenting customers Assessing product success Forecasting future revenue
Question 17 ations A bad decision: 65 0 O does not consider all the alternatives O does not employ appropriate decision modeling techniques O is all of the answers O is a decision not based on logic does not use all available and relevant information MacBook Air 000 F3 000 F4 F5 DD %23
1
Question 3 ABC Restaurant has made a forecast for last week's operations vs Actual result of the forecast last week. Period Monday Tuesday Wednesday Thursday Friday Actual 112 110 113 120 140 Forecast 115. 1041 110 115 135 Using this table above, solve for Mean Absolute Percent Error (MAPE) Note Round up to the last 2 decimals, example 9.6568->9 66 3
Question 6 Which of the following would be considered to have the greatest "lag"? Group of answer choices 5-day Simple Moving Average 10-day Simple Moving Average 50-day Simple Moving Average 25-day Simple Moving Average
Question attached
Question 21 Using the moving average can create some problems in the forecast. Which of the following is NOT a problem related to using the moving average? Increasing n smooths the forecast but makes it less sensitive to changes The forecast is created with very little data, likely not reflecting the requirements very accurately Requires extensive historical data O Does not forecast trends well
QUESTION 2 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past, what is the test statistic? (please round your answer to 2 decimal places)
QUESTION 13 A person's ethical judgement may be impacted by their religious values. O True False
According to the Dependence Effect, consumers control the market through their purchases and so direct what is produced. Question 10 options: True False

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1. Job Description: 2. Performance Appraisal: 3. Chronological Order: 4. Employment Contract: 5. Meeting Termination: 6. Trade Union Agreement: 7. Differentiate between job title and job description. ks) KS) s)