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NEW QUESTION: 1
Universal Containers currently uses the customizable forecasting feature. A sales representative at Universal
Containers has four opportunities for the current quarter that are detailed below:
* $3,500 opportunity in the Best Case forecast category
* $2,000 opportunity in the Commit forecast category
* $1,000 opportunity that has been closed/won
* $1,000 opportunity that has been lost
What are the sales representatives Best Case forecast for the current quarter?
A. $3,500
B. $5,500
C. $2,000
D. $6,500
Answer: D

NEW QUESTION: 2
The Accuracy of a Measurement System addresses _________________.
A. Precision & Sensitivity
B. Stability, Bias & Linearity
C. Stability & Sensitivity
D. Repeatability & Reproducibility
Answer: B
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 3
If demand is price elastic:
A. An increase in price will result in a decline in total revenue.
B. An increase in price will have no effect on total revenue.
C. An increase in price will result in an increase in total revenue.
D. An increase in price will result in a decline the quantity demanded that is less than the increase in price.
Answer: A
Explanation:
Choice "a" is correct. If demand is price elastic, an increase in price will result in a decline in total revenue
(negative relationship).
Choice "b" is incorrect. When demand is price elastic, an increase in price results in a decline in quantity
demanded that is proportionately larger than the increase in price, thus having the result of a decline in
total revenue (price multiplied by quantity).
Choices "c" and "d" are incorrect, per the above statement.