Q6- Answer "true" or “false" to the following statements: 1. The term compound interest refers to company's labor productivity. 2. In replacement situations, the period between installation and failure is constant for any particular type of equipment. 3. The maintenance needs to ensure that the performance of the machinery is dependable and reliable. 4. The replacement of an old item with a new item is one of many alternatives to prevent such increased expenses. 5. The executive opinion is one of the quantitative methods in means of forecasts generated through mathematical

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Q6- Answer "true" or “false" to the following statements:
1. The term compound interest refers to company's labor productivity.
2. In replacement situations, the period between installation and failure is constant for
any particular type of equipment.
3. The maintenance needs to ensure that the performance of the machinery is dependable
and reliable.
4. The replacement of an old item with a new item is one of many alternatives to prevent
such increased expenses.
5. The executive opinion is one of the quantitative methods in means of forecasts
generated through mathematical.
6. In a replacement situation, the current staff in the organization will gradually increase
due to death, retirement, and other reasons.
7. Forecasting is a systematic guessing of the present course of events with the help of
analysis of past and future events.
Transcribed Image Text:Q6- Answer "true" or “false" to the following statements: 1. The term compound interest refers to company's labor productivity. 2. In replacement situations, the period between installation and failure is constant for any particular type of equipment. 3. The maintenance needs to ensure that the performance of the machinery is dependable and reliable. 4. The replacement of an old item with a new item is one of many alternatives to prevent such increased expenses. 5. The executive opinion is one of the quantitative methods in means of forecasts generated through mathematical. 6. In a replacement situation, the current staff in the organization will gradually increase due to death, retirement, and other reasons. 7. Forecasting is a systematic guessing of the present course of events with the help of analysis of past and future events.
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