Which of the Following Statements About Forecasting Is False

question 40

Multiple Choice

Which of the following statements about forecasting is false?

• A)There is an inverse relationship between forecast accuracy and time.
• B)The longer the time horizon the more inaccurate the forecast will be.
• C)The forecasting horizon should be at least as long as your strategic plan.
• D)The longer the time horizon the more accurate the forecast will be.
• E)Product life cycle influences the length of the forecast.

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Definitions:

Task-oriented

Focusing primarily on the tasks that need to be accomplished for the achievement of organizational goals.

Welfare

A system designed to support the well-being of individuals through financial aid, social services, and health care.

Participative Leadership Styles

Leadership approaches that involve team members in the decision-making process.

Committee Meetings

Gatherings of a group of people designated to deliberate on specific subjects or tasks.