1. It is important that budgets be accepted by _____.

division managers department heads supervisors All of the above

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 _____.

moving average model weighted moving average model exponential smoothing model equal average model

3. QuestioWhich of the following is not used to evaluate the accuracy of regression results?

Correlation coefficient Mean square error Standard error of the estimate Coefficient of determination

4. Marketing costs include _____.

advertising packaging travel and entertainment All of the above

5. The lowest unit within a company for which a budget is prepared is called the _____.

activity unit cost unit revenue unit product unit

6. Which of the following ignores the time value of money?

Internal rate of return Profitability index Net present value Payback period