True or False Questions
If the unit cost remains constant, there is no difference in thevalue of stock among actual cost, FIFO, LIFO, and weighted averagecost methods.?
LIFO is often expressly prohibited, especially when it wouldartificially reduce tax liabilities.?
Consolidating is the process where small loads from differentsuppliers are combined to give full vehicle loads for delivery tocustomers?
The main problems with quantitative forecasts are subjectiveviews and are not as reliable as quantitative methods.?
We should keep an outlier if we can explain the reasons behindit.?
Coefficient of correlation can range from −∞ ??+∞.?
The parameters in exponential smoothing are selected to minimizethe sum of errors.?
On a plot of forecast errors, a trend line signals there is atrend not accounted for in the forecast model?
