Week 4 Midterm Sbe 430

Grading Summary

These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 2/1/2015 |

Time Spent: | 1 h , 15 min , 14 secs |

Points Received: | 173 / 190  (91.1%) |

|

Question Type: | # Of Questions: | # Correct: |

Multiple Choice | 6 | 4 |

Essay | 6 | N/A |

|

|

Grade Details - All Questions |

Question 1. | Question : | (TCO 1) The type of budget that is updated on a regular basis is known as a _____. |

|

  | Student Answer: | | continuous budget |

  | | | revised budget |

  | | | updated budget |

  | | | flexible budget |

|

|

  | Points Received: | 5 of 5 |

  | Comments: | |

|

|

Question 2. | Question : | (TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales, assuming each period has equal influence on the prediction of future sales, is the _____. |

|

  | Student Answer: | | moving average model |

  | | | weighted moving average model |

  | | | exponential smoothing model |

  | | | equal average model |

|

|

  | Points Received: | 0 of 5 |

  | Comments: | |

|

|

Question 3. | Question : | (TCO 3) The regression statistic that measures how many standard errors the coefficient is from zero is the _____. |

|

  | Student Answer: | | correlation coefficient |

  | | | coefficient of determination |

  | | | standard error of the estimate |

  | | | t-statistic |

|

|

  | Points Received: | 5 of 5 |

  | Comments: | |

|

|

Question 4. | Question : | (TCO 4) Capital expenditures are incurred for all of the following reasons except _____. |

|

  | Student Answer: | | as preventive maintenance |

  | | | to counteract competition |

  | | | decreased production |

  | | | improvement in product quality |

|

|

  | Points...