When Considering Centralized and Decentralized Structures,which One Tends to Be

question 31

Multiple Choice

When considering centralized and decentralized structures,which one tends to be more ethical and why? 

• A)Decentralized because of the clear rules that dictate appropriate behavior in business
• B)Centralized because it is easier to uproot unethical activities
• C)Centralized because of the strict formalization and implementation of ethics policies and procedures
• D)Decentralized because they give employees more decision making authority
• E)Both types of organizational structure are equally ethical

Perform seasonally adjusted forecasting.

Use exponential smoothing for forecasting and calculate forecasting error metrics like MAD.

Calculate forecasts using weighted moving average methods.

Understand the application of seasonal patterns in non-hospitality sectors.

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Definitions:

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain level of confidence, based on current sample data.

Expected Value

The average outcome or mean of a random variable, calculated as the sum of all possible values each multiplied by its probability of occurrence.

Confidence Interval

A gamut of statistical values, extrapolated from sample data, predicted to likely retain the value of an undisclosed population parameter.

Gross Revenue

The total income generated by a business before any deductions are made for expenses.