The Dean of a School of Business Is Forecasting Total

question 129

Multiple Choice

The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: $$\begin{array} { | l | c | } \hline { \text { Year } } & \text { Enrollment } \\\hline \text { Four years ago } & 2000 \\\hline \text { Three years ago } & 2200 \\\hline \text { Two years ago } & 2800 \\\hline \text { Last year } & 3000 \\\hline\end{array}$$
What is this year's forecast using a three-year simple moving average?

• A) 2,667
• B) 2,600
• C) 2,500
• D) 2,400
• E) 2,333

Recognize the role of national and international regulatory bodies in enforcing financial reporting standards.

Appreciate the dynamics of financial reporting in an international context, including factors driving the use of IFRS or other standards.

Understand the influence of management objectives and stakeholder power on the selection of accounting policies.

Understand the differentiation between business and non-business organizations and the rationale for allowing different accounting policies.

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Definitions:

Comparative Advantages

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient economic outcomes.

Grammar

The set of rules and principles that govern the structure of sentences in a language.

Wikis

Collaborative websites or databases allowing users to add and edit content freely, often used for gathering and sharing information on various topics.

Immediacy

The quality of bringing one into direct and instant involvement with something, giving a sense of urgency or importance.