12) Kaizen costing: a. Looks for hidden costs b. Is the cost of Japanese products c. Asks front-line employees to find savings d. Is often tied to bonuses e. C & D

13) Using the concept of activity based budgeting, forecast the postage expense for next year. This year we had total postage expense of $1.5M and mailed 967,463 pieces. Next year, we expect to mail 2% more pieces and have a postage price increase of 3.5%. a. $1,530,000 b. $1,560,600 c. $1,583,550 d. $53,550

14) The typical seasonality index for March is .9 and for April is 1.1. If sales in March were $1.5M, all things being equal, what would we expect for April? a. $1,833,333 b. $1,227,273 c. $1,745,333 d. $1,941,125

15) In linear regression, plotting the residuals is used to test for: a. A normal distribution b. A normal distribution, constant variance, and independence c. A normal distribution, constant variance, multicollinearity d. None of the above

16) In game theory: a. "No one should go for the Blond" b. The group is best served through cooperation c. The problem with cooperation in business is that it may break competition laws d. Cooperation becomes more obvious though repetition of the game or situation e. All of the above