The Last Four Monthly Sales Data Were 100, 120, 125

question 40

Multiple Choice

The last four monthly sales data were 100, 120, 125, and 135 units. The last four forecasts were 80, 100, 105, and 115 units. These forecasts illustrate

• A) exponential smoothing
• B) a trend projection method
• C) bias
• D) qualitative methods

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Definitions:

Departmentalization

The process of dividing an organization into different departments or units based on functions, products, or geographical locations for efficiency.

Empowering

Giving employees the authority, resources, and opportunity to make decisions and contribute to the organization’s success..

Hierarchical Levels

Hierarchical levels refer to the layered structure within organizations where positions and functions are ranked according to levels of importance and authority, from the top management to the lowest operational levels.

Delegate

To entrust a task or responsibility to another person, typically one who is less senior than oneself.