Identify a benefit of applying statistical forecasting methods.
A. They are particularly useful in dynamic environments.
B. Under the right conditions, they provide predictions that are much more precise than
judgmental methods.
C. They are particularly useful in predicting important events that have no historical
precedent.
D. They are invariably better than the “best guesses” of experts.
E. They can be used by organizations as a substitute for relying on the subjective
judgments of experts.
Carbon Fine Inc., a mining industry, hires employees belonging to the age group of 16
to 30. The company provides overtime pay for its employees. The company is charged
for violation of law under the FLSA. Which of the following best explains the reason
for the company being sued?
A. Individuals aged 16 and 17 are being employed as mine workers.
B. Executive employees of the company are not being provided overtime pay.
C. Employees are being paid overtime only if they work beyond 40 hours in one week.
D. Mine workers are being paid only 25% above the minimum wage.
E. Individuals eligible for overtime are being paid at one and a half times the
employee’s regular pay rate, including bonuses.