The Three Major Types of Forecasts Used by Organizations in Planning

question 67

Multiple Choice

The three major types of forecasts used by organizations in planning future operations are:

• A) strategic, tactical, and operational.
• B) economic, technological, and demand.
• C) exponential smoothing, Delphi, and regression.
• D) causal, time-series, and seasonal.
• E) departmental, organizational, and territorial.

Identify strategies for achieving ecologically sustainable development.

Understand income inequality and poverty ratios as indicators of economic conditions globally.

Understand the effects of inventory errors on financial statements.

Analyze the impact of inventory valuation methods on financial reporting.

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Definitions:

Montezuma

The ninth Aztec emperor of Mexico, noted for his inability to effectively deal with the Spanish conquest led by Cortés.

West Coast

Usually refers to the westernmost coastal areas of a continent, in many contexts relating to the Pacific coast of the United States.

Fifteenth Century

The time period from the year 1401 to 1500, marking the later Middle Ages and leading into the Renaissance in Europe.

Portuguese

The Portuguese refers to the people of Portugal, a country in southwestern Europe, known for its exploratory achievements, maritime history, and cultural influences across the globe.