# Midterm

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