A Company Has Actual Unit Demand for Three Consecutive Years

question 5

Multiple Choice

A company has actual unit demand for three consecutive years of 124,126 and 135.The respective forecasts for the same three years are 120,120 and 130.Which of the following is the resulting MAD value that can be computed from this data?

• A)1
• B)3
• C)5
• D)15
• E)123

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Definitions:

Customer Satisfaction

The measurement of how well a company's products or services meet or exceed the expectations of its customers.

Costing Measure

A method or metric used to calculate the total costs involved in the production of goods or delivery of services.

Employees Hired

The process of adding new individuals to an organization’s workforce through a systematic recruitment and selection process.

HRM Practices

A set of activities and procedures implemented by the human resources department to effectively manage an organization’s workforce.