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QUESTION 24 Accurate forecasting is important to a business for many reasons. Which is most correct? a. It is important because nearly all business decisions are made to that forecast b. It sets the tone for compensation plans, clearly making this the most important part of the business. c. It is important because it leads to increased costs d. As we saw in the video on the importance of sales forecasting, most industries use tools to perform these forecasts QUESTION 25 It is desirable for a firm in a responsive supply chain to have: a. delivery by multi-modal methods b.investments to enable short response time c efficient build-to-stock processes d.low capacity cushions QUESTION 26 Economic Order Quantity: 2DS EOQ= H The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost /high volume assemblies, the Xterminator7, has an estimated annual demand of 10,000 units. Talbot estimates the cost to place an order is $40, and the holding cost for each assembly is $20 per year. The company operates 250 days per year. Calculate the economic order quantity (EOQ) for the Xterminator 7? In which range below does it fall? a. Less than or equal to 100 units b. Greater than 100 units but less than or equal to 180 units c. Greater than 180 units but less than or equal to 250 units d. Greater than 250 units