You Are a Purchasing Agent at Widgets R Us

question 42

Multiple Choice

You are a purchasing agent at Widgets R Us. You use predictive analytics to approximate how many widgets you will sell that year. This is an example of a _____ model.

• A) Foresight
• B) Hindsight
• C) Pull
• D) Push

---

Definitions:

Controllable Direct Fixed Costs

Expenses that do not vary with production volume and can be altered or influenced by management in the short term.

Noncontrollable Direct Fixed Costs

Fixed costs that cannot be altered or influenced by the decisions of management in the short term.

Indirect Fixed Costs

Costs that are incurred for the benefit of more than one profit center.

Performance Report

A document or record that outlines the performance outcomes, efficiency, and effectiveness of efforts over a defined period.