Table 107 -TOMBOW Is a Small Manufacturer of Pencils and Has Had

question 25

Multiple Choice

Table 10.7
$$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { Units Sold } \\( 00 ) \end{array} \\\hline 1 & 150 \\2 & 145 \\3 & 160 \\4 & 180 \\5 & 220 \\\hline\end{array}$$
-TOMBOW is a small manufacturer of pencils and has had the following sales record for the most recent five months: Use the information in Table 10.7.The forecast for month 2 is

• A) less than or equal to 120 units.
• B) greater than 120 but less than or equal to 140 units.
• C) greater than 140 but less than or equal to 160 units.
• D) greater than 160 units.

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Definitions:

Tariffs

Government levies on goods and services brought into the country, frequently employed to safeguard local industries against overseas rivals.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Textiles

Materials made from fibers, filaments, threads, or yarns, typically used in the production of fabrics and cloth.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost compared to others.