Which of the Following Is Not Necessarily an Element of a Good

question 134

Multiple Choice

Which of the following is not necessarily an element of a good forecast?

• A)The degree of accuracy is stated.
• B)Time horizon long enough so forecast results can be used.
• C)Expressed in meaningful units.
• D)Low cost to complete.
• E)Technique is simple to understand and use.

Analyze the relationship among various costs of quality.

Determine the value-added ratio in a process.

Apply lean accounting principles to reduce transactions and improve efficiency.

Associate quality control activities with their appropriate classifications.

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Definitions:

Skewed

A description of a distribution of data or scores that shows asymmetry, meaning the bulk of the data points are lopsided toward one side of the scale.

Cumulative Percent

A measure that shows the percentage of data points less than or equal to a particular value, accumulated over a distribution or data set.

Frequency Distribution

A frequency distribution is a summary of how often different values or ranges of values occur within a set of data.

Skewed

A distribution that is not symmetrical, tending to have a longer tail on one side.