BUSN 278 Midterm Exam Solutionhttp://homeworkyahoo.com/downloads/busn-278-midterm-exam-solution/ To Buy this tutorial Copy & paste above link in your BrowerBUSN 278 Midterm Exam Solution (TCO 1) Which of the following statements regarding research and development is incorrect (TCO !) "riority budgeting that ranks activities is known as# (TCO $) The regression statistic that measures how many standard errors the coefficient is from %ero is the &&&&&&&&&&&&&&&& (TCO ') (t is important that budgets be accepted by# (TCO )) The *ualitative forecasting method that individually *uestions a panel of e+perts is &&&&&&&&&&&&&&&& (TCO ,) Which of the following is a disadvantage of the payback techni*ue (TCO 1) There are several approaches that may be used to develop the budget- .anagers typically prefer an approach known as participative budgeting-/iscuss this form of budgeting and identify its advantages and disadvantages- (TCO !) There are a variety of forecasting techni*ues that a company may use- (dentify and discuss the three main *uantitative approaches used for time series forecasting models- (TCO !) 0se the table 1.anufacturing Capacity 0tili%ation2 to answer the *uestions below-Manufacturing Capacity UtilizationIn PercentagesDay Utilization Day Utilization1 82.5 9 78.82 81.3 10 78.73 81.3 11 78.44 79.0 12 80.05 76.6 13 80.76 78.0 14 80.77 78.4 15 80.88 78.0"art (a) What is the pro3ect manufacturing capacity utili%ation for /ay 1, using a three day moving average"art (b) What is the pro3ect manufacturing capacity utili%ation for /ay 1, using a si+ day moving average"art (c) 0se the mean absolute deviation (.4/) and mean s*uare error (TCO $) 0se the table 15ood and 6everage 7ales for 8uigi9s (talian :estaurant2 to answer the *uestions below-Food and Beverage Sales for Luigis Italian Restaurant!"""s#Mont$ First %ear Second %earJanuary 218 237February 212 215March 209 223April 251 174May 256 174June 216 135July 131 142August 137 145Septeber 99 110!ct"ber 117 117#"$eber 137 151%eceber 213 208"art (a) Calculate the regression line and forecast sales for 5ebruary of ;ear $-"art (b) Calculate the seasonal forecast of sales for 5ebruary of ;ear $-"art (c) Which forecast do you think is most accurate and why (TCO ,) /avis Company is considering two capital investment proposals- - "art (a) Calculate the payback period-"art (b) Calculate the net present value-"art (c) Calculate the accounting rate of return-B$=-== G "urchase