A ________ is a prediction about the population value based on prior knowledge, assumptions, or intuition

Which one of the following is an objective of the unemployment insurance program?

A. To improve the productivity and skill set of workers B. To protect the employer from lawsuits C. To provide an incentive for employers to stabilize employment D. To offset lost income during voluntary unemployment E. To help workers with the expenses resulting from job-related accidents and illnesses

The basic philosophy behind just-in-time (JIT) inventory systems is to:

A. economize on inventory holding costs. B. reduce inventory turnover. C. create a buffer stock of inventory. D. reduce costs by reducing quality. E. increase the total working capital requirement.