Midterm
Topics: Net present value, Time value of money / Pages: 16 (1779 words) / Published: Dec 17th, 2014

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:

Time Spent:

Points Received:
182 / 190

Question Type:
# Of Questions:
# Correct:
Multiple Choice
6
5
Essay
6
N/A

Grade Details - All Questions

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. Instructor Explanation:
Chapter 1, Page 8

Points Received:
5 of 5 Comments:

2.
Question :
(TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales assuming that the closest time period is a more accurate predictor of future sales is:

Student Answer:

Moving average model

Weighted moving average model

Closest moving average model

Exponential smoothing model Instructor Explanation:
Chapter 15, Page 236

Points Received:
5 of 5 Comments:

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. Instructor Explanation:
Chapter 16, Page 247

Points Received:
5 of 5 Comments:

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 Instructor Explanation:
Chapter 13, Page 201

Points Received:
5 of 5 Comments:

5.
Question :
(TCO 5) Which of the following is not true when ranking proposals using zero-base budgeting?

Student Answer:

Due to changing circumstances, a low-priority item may later become a high-priority

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