True or False Questions If the unit cost remains constant, there is no difference in the...

True or False Questions

If the unit cost remains constant, there is no difference in the value of stock among actual cost, FIFO, LIFO, and weighted average cost methods.?

LIFO is often expressly prohibited, especially when it would artificially reduce tax liabilities.?

Consolidating is the process where small loads from different suppliers are combined to give full vehicle loads for delivery to customers?

The main problems with quantitative forecasts are subjective views and are not as reliable as quantitative methods.?

We should keep an outlier if we can explain the reasons behind it.?

Coefficient of correlation can range from −∞ ??+∞.?

The parameters in exponential smoothing are selected to minimize the sum of errors.?

On a plot of forecast errors, a trend line signals there is a trend not accounted for in the forecast model?

Expert Solution

If the unit cost remains constant, there is no difference in the value of stock among actual cost, FIFO, LIFO, and weighted average cost methods.?-> Ans ->True

LIFO is often expressly prohibited, especially when it would artificially reduce tax liabilities.?-> Ans ->True

Consolidating is the process where small loads from different suppliers are combined to give full vehicle loads for delivery to customers?-> Ans ->True

The main problems with quantitative forecasts are subjective views and are not as reliable as quantitative methods.?-> Ans ->False

We should keep an outlier if we can explain the reasons behind it.?-> Ans ->True

Coefficient of correlation can range from −∞ ??+∞.?-> Ans ->False

The parameters in exponential smoothing are selected to minimize the sum of errors.?-> Ans ->True

On a plot of forecast errors, a trend line signals there is a trend not accounted for in the forecast model?-> Ans ->False

orchestra answered 1 year ago

Fixed cost are constant on both the total cost and per unit cost basis True False

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