All administrative rules are formally called procedural rules

Which of the following would be an inappropriate response to a "gotcha" question?

a. "We're not ready to discuss the matter at this time." b. "When more information becomes available we will let you know." c. "Our company has no position on that issue." d. "I believe the company is planning to venture in that direction." e. "We're not prepared to speculate on that issue at this time."

In a time series with quarterly sales data, assume that the seasonal index for the summer quarter has been found to be 0.87,

this can be interpreted to mean that sales tend to be 87 percent higher in the summer quarter when compared to the other quarters. Indicate whether the statement is true or false