I in the Final Step, Using the Ratio-To-Moving-Average Method on Quarterly

question 48

Multiple Choice

i. In the final step, using the ratio-to-moving-average method on quarterly data, the total of the modified means should theoretically be equal to 400 because the average of should be 100.
ii. Seasonal variation is quite common in the retail and wholesale industries.
iii. A typical seasonal index of 103.7 for January indicates that sales for January are below the annual average)

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

Maslow's Needs Hierarchy

A theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from most to least pressing: physiological, safety, love/belonging, esteem, and self-actualization.

Equity Theory

A theory in social psychology and organizational behavior that explains how individuals perceive fairness in distribution of resources within interpersonal relationships, leading to satisfaction or dissatisfaction.

Motivational Force

The internal or external stimulus that prompts a person towards taking action or pursuing goals.

Procedural Injustice

Involves perceived unfairness in the processes that lead to outcomes or decisions, where the procedures themselves are seen as flawed or biased.