A budget is single-use financial plan

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Reference no: EM131230186

1. The portion of the total management system at which a plan is aimed is called the ________ of the plan.

a. scope

b. longevity

c. time dimension

d. level

e. repetitiveness

2. Most organizations use a weighting process to compare site differences among foreign countries.

a. true

b. false

3. When nearly everyone who wants the product has it, and sales are due to replacing a worn-out product, the product is in which life-cycle stage?

a. decline

b. growth

c. maturity

d. saturation

e. both A and C

4. The ________ method predicts future sales by analyzing the historical relationship between sales and time.

a. Salesforce estimation

b. Regression

c. Delphi

d. Moving average

5. A budget is a single-use financial plan that covers a specified length of time.

a. true

b. false

6. The next step in the human resource planning process, after taking a human resource inventory, is determining net human resource requirements.

a. true

b. false

7. The jury of executive opinion of forecasting predicts future sales levels primarily by asking appropriate salespeople to give their opinions on what will happen to sales in the future.

a. true

b. false

8. In considering selection of a site for a plant, one question an organization should ask is about the adequacy of housing and schools around potential sites.

a. true

b. false

Reference no: EM131230186

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