Table 119 -Use the Information in Table 11

question 183

Multiple Choice

Table 11.9.
$$\begin{array} { | c | c | c | } \hline \text { Quarter } & \begin{array} { c } \text { Forecasted } \\\text { Demand } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Actual } \\\text { Demand } \\\text { (Units) }\end{array} \\\hline 1 & 85 & 95 \\2 & 55 & 55 \\3 & 70 & 45 \\4 & 60 & 75 \\\hline\end{array}$$
-Use the information in Table 11.9. What is the standard deviation of forecast errors for the data?

• A) 0 units
• B) greater than 0, but less than or equal to 10 units
• C) greater than 10, but less than 20 units
• D) greater than 20 units

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Definitions:

Operations

Operations refer to the day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders; it encompasses everything from manufacturing goods to providing services.

Division of Income

The allocation of profit among different heads or sections for financial analysis or taxation purposes.

Capital Contributions

The funds or assets contributed to a company by its owners or shareholders to increase equity.

Beginning Capital Balance

The total funds noted in a corporation's books at the beginning of a fiscal period.