The Dean of a School of Business Is Forecasting Total

question 169

Multiple Choice

The dean of a school of business is forecasting total student enrolment for this year's summer session classes based on the following historical data: What is this year's forecast using the naive approach?

• A)2,000
• B)2,200
• C)2,800
• D)3,200
• E)3,000 There is a trend in the data set.

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Definitions:

Incremental Analysis

The process of comparing the additional costs and benefits of a decision to determine if it is worthwhile.

Relevant Information

Data that is applicable to the decision-making process, often involving financial and operational outcomes.

Management Decisions

The process by which management selects among available options to guide the operations and set the strategic direction of an organization.

Full Capacity

The maximum level of output that a company can sustain to generate products or services under normal operating conditions.