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Refer to the Following Case as You Respond to the Next

question 55

Multiple Choice

Refer to the following case as you respond to the next question: The Celebration Theatre is a small, independent theatre that puts on 12 plays per year. 30 days before the start of each calendar quarter, Celebration prepares advertising for the productions in the upcoming quarter. They advertise on their web site, via e-mail to their season subscribers and via direct mail and brochures to others.Patrons can buy tickets for a single play; alternatively, they can subscribe to all three plays each quarter. Quarterly subscriptions offer a 25% discount from the prices of single tickets. Patrons may purchase tickets over the phone, at the box office or via the theatre's web site. All tickets are held at the box office where they can be picked up as early as one week prior to the performance. The theatre has an "open seating" plan, so patrons do not reserve a specific seat at any performance.If tickets are purchased in person at the box office, non-subscribers may pay with cash or a major credit card; subscribers can pay with cash, major credit card or check. All tickets purchased over the phone or via the web site must be paid for with a major credit card. Celebration maintains an electronic database to track all ticket sales; paper tickets are printed at least ten days prior to a performance.Any paid tickets that are not claimed at least thirty minutes prior to the performance are sold on a "first-come, first-serve" basis at a 50% discount. Refer to the previously presented set of flowcharting symbols labeled Symbol A through Symbol J. In a systems flowchart of the Celebration Theatre case, Symbol H is most likely to appear in which column?

Definitions:

Game Sales

The volume of video game units sold or revenues generated from selling video games in a specified period.

Exponential Smoothing Model

An Exponential Smoothing Model is a time series forecasting technique for univariate data that applies smoothing factors to make forecasts by weighting more recent observations more heavily.

Car Sales

The commercial activity of selling new or used cars.

Weighted Average Model

A calculation method where different values are given varying levels of importance or weights before determining the average.