Which of the Following Is NOT True of Prediction

question 46

Multiple Choice

Which of the following is NOT true of prediction?

• A)It is a statement of what is believed will happen in the future.
• B)It may be based on prior observation.
• C)We are seldom confronted with the need to make predictions.
• D)It may be based on past experience.
• E)Marketing managers are constantly faced with the need to make predictions.

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Definitions:

Status

The relative social, professional, or other standing of someone or something.

Historical Rationality

The concept that historical events and decisions can be understood logically and systematically through the context of their times.

Formal Rationality

A mode of thinking that emphasizes efficiency, calculability, predictability, and the use of logical decision-making processes.

Substantive Rationality

A type of rationality concerned with the values and ethics guiding action, as opposed to purely instrumental concerns (means-end rationality).