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1) For the average manufacturer, over 50 percent total cost comes from labor and overhead Answer: TRUE FALSE 5) Quantitative forecasts are used when little

1) For the average manufacturer, over 50 percent total cost comes from labor and overhead Answer: TRUE FALSE 5) Quantitative forecasts are used when little data is available and relies on experience and group discussions Answer TRUE FALSE 9) A firm's capacity is determined solely by its number of personnel employed Answer: TRUE FALSE

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