As Compared to Long-Range Forecasts,short-Range Forecasts

question 36

Multiple Choice

As compared to long-range forecasts,short-range forecasts:

• A)are less accurate.
• B)deal with less comprehensive issues supporting management decisions.
• C)employ similar methodologies.
• D)all of the above
• E)none of the above

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Definitions:

Sales

The activities involved in selling products or services to customers, encompassing strategies and processes for identifying customer needs, closing deals, and after-sales support.

Inventories

Quantities of goods or materials on hand or in process of manufacture, storage, or transport.

Asset Turnover

Asset turnover is a financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business, like cash, inventory, and receivables.