All of the Following Are Prevention Costs Except

question 64

Multiple Choice

All of the following are prevention costs except:

• A) training costs.
• B) inspection costs.
• C) regularly scheduled maintenance.
• D) engineering and design costs.

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Definitions:

Demand Forecast

The process of estimating the future demand for a product or service, based on historical data, current market trends, and predictive analysis.

Correlated

The relationship between two or more variables where a change in one variable is associated with a change in another.

Exponential Smoothing

A statistical technique used in time series analysis to smooth data points and forecast future values, giving more weight to recent observations.

α

In inventory management and forecasting, α represents the smoothing constant used in exponential smoothing models, crucial for adjusting response rate to demand changes.