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Table 8.8 The Manager of a Pizza Shop Must Forecast Weekly Demand

question 110

Multiple Choice

Table 8.8
The manager of a pizza shop must forecast weekly demand for special pizzas so that he can order pizza shells weekly. Recent demand has been:

-Use the information from Table 8.8. The pizza shop manager believes that a combination forecast might improve her ability to predict future demand, and thus improve keeping fresh ingredients on hand. She decides to use the 3-week weighted moving average and exponentially smoothed average forecast, giving them equal weight. The 3-week weighted moving averages are .6 for the most recent period, .25 for the second most recent period, and .15 for the third most recent period. The smoothing constant is .10 and the previously forecasted demand for week 6 was 39.28 pizzas. What is her forecast for week #7?

Identify and describe the factors influencing bargaining power and negotiation outcomes.

Recognize and explain the elements crucial for preparing and conducting collective bargaining.

Comprehend the specific contractual obligations and issues central to collective bargaining, such as wages, benefits, and working conditions.

Understand the regulatory framework and legal considerations in collective bargaining and union activities, including bad faith bargaining and mandatory bargaining items.

Definitions:

Standard Labor Rate

The predetermined cost of labor per hour, used in budgeting and measuring efficiency against actual labor costs.

Actual Labor Hours

The real number of hours worked by employees, used in various calculations such as labor costing and efficiency analysis.

Raw Material

Basic materials that are used in the production process to create goods or finished products.