Suppose a Firm Has Had the Historical Sales Figures Shown

question 58

Multiple Choice

Suppose a firm has had the historical sales figures shown as follows.What would be the forecast for next year's sales using the average approach if it was determined that years 2008 and 2009 were "stale"?

• A)$1,900,000
• B)$2,500,000
• C)$2,833,333
• D)$3,000,000

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Definitions:

Emotional Labor

Emotion work that is done as an occupational requirement or expectation.

Feeling Rules

Cultural norms governing the appropriate expression and management of emotions in various social situations.

Surface Acting

Emotional labor that involves managing one's outward expressions and behaviors to meet social or occupational expectations, without altering underlying feelings.

Four-Factor Model

A framework in finance that expands on the three-factor model by adding a moment factor, such as momentum, to market risk, size, and value factors to explain stock returns.