State whether the following statements are true or false. If the statement is false, writethe correct answer:1. Quantitate data is used in decision making especially for companies andorganization that are new in the market.Answer:2. Forecasting is a prediction rather than a reality to mislead animplementing the proper decisions.intoAnswer:3. Short range forecast generally is used for decision making in a period of aboutjob scheduling, assignments andthree months, and the decision taken are relatedproduction levels.Answer:4. Demand forecasting predicts the rate of technological progress and impactsdevelopment of newAnswer:5. Qualitativeand takingare more accurate, for they involve analyzing numeric databased on previous numbers and statistics.Answer:hưo Aaicancoege of toMiddlst. 2021

Quantitative data contains only numerical information or simply that information which can be…

Answered: State whether the following statements…

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

See similar textbooks

Similar questions

Which of these liens is most likely to be the senior lien? a mortgage lien a home equity loan lien a property tax lien a mechanic's lien
Which of the following is the most accurate statement about the duty of loyalty? A. It obligates people in fiduciary relationships or positions of trust to act with the skill and attention normally exercised by ordinary prudent persons in similar positions. B. It obligates people in fiduciary relationships or positions of trust to act in their own best interest. C. It obligates people in fiduciary relationships or positions of trust to a duty of derivation. D. It obligates people in fiduciary relationships or positions of trust to a act in the best interest of their beneficiary.
Respond to the following in a minimum of 175 words: Your best friend has just come up with an idea for a new product for killing the weeds in his yard. It’s a 4-foot-long pole with an electric Taser at the end that you touch to a weed. You pull a trigger, and the Taser electrocutes the weed. The weed dies and disappears within a week. Pretty cool! Your buddy has found a manufacturer for his taser poles and is in the process of taking out a $50,000 loan against his house to start manufacturing. To support your friend, you suggest fleshing out the consumer benefit of the product. Explain the purpose of focusing on consumer benefit. Suggest some options of what the consumer benefit for this product might look like.
Which of the following is FALSE regarding decision making? O a. It is an ongoing process in the organization O b. It is a one-time work in the organization O c. It involves the analysis of possible alternatives O d. It involves collection of information
Need argument 1 and 2 to be done
Your client has been renting a house and carries a Tenants Comprehensive policy through your office. He/she is getting married soon and has just bought a house into which he/she will soon move. Which one (1) of the following actions should you NOT do? OA) Endorse his/her Tenants policy to show the new address and add building coverage in the amount of the purchase price of the house. OB) Use a Home Calculator to estimate the replacement cost of the house. OC) Check into the security arrangements in the house as it may affect the premium to be charged. OD) Cancel his/her Tenant policy and re-write their insurance as a Homeowners policy.
A sponsored licensee owns one-quarter of an investment property. The four owners want to sell the property, but the other three do not want the licensee to mention their licensee to buyers. In Illinois, which of the following is true? A. Because the licensee owns only a quarter, no disclosure is necessary B. If they list the property with the licensee’s sponsoring broker, no disclosure is necessary C. If they list the property with a different broker, no disclosure is necessary D. Disclosure of the license is required
For the given fact below, which subsequent true/false statement is true? Fact: Mel received an A in Math. 1. Mel passed the class 2. Mel failed the class 3. Mel likes Math 4. Mel took Math this semester
A Mortgage Backed Bond differs from a Pass-Through Security in that I. the MBB does not result in the removal of mortgages from the balance sheet. II. a MBB holder has no prepayment risk. III. cash flows on a MBB are not directly passed through from mortgages. O A. I, II, and III B. I and II only C. II and III only O D. I and III only O E. I only
Which of the following situations describes a representation? OA An insurance company guarantees that pollicy benefits will be paid promptly on receipt of a Proof of Loss OB. An insurance company guarantees that premiums paid will be refunded within 30 days after the policy's effective date if an insured is desatisfied with the policy A prospect's statement on an application that is held to be substantially true OC OD. A prospect's statement on an application that is held to be absolutely true
A sales associate gives an opinion of title. This is: not a violation or a crime a minor violation that will warrant a fine of $100 to $500 a third-degree felony a minor violation that will warrant a notice of noncompliance
For the three-part question that follows, provide your answer to each question in the given workspace. Identify each part with a coordinating response. Be sure to clearly label each part of your response as Part A, Part B, and Part C.Part A: What is a construct?Part B: A researcher wants to know the impact of sleep on test performance. The researcher gives a pretest to the participants that covers multiplication and division. After the participants have slept, the researcher gives a second test, but this time, the test includes addition of numbers between 0 and 10. The researcher will then compare the scores of the pretest and the posttest. Will the score on the test accurately reflect the impact of sleep on test performance?Part C: Explain your answer to Part B with two complete sentences.

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS

State whether the following statements are true or false. If the statement is false, write the correct answer: