Use the Information Below to Answer the Following Questions

question 15

Multiple Choice

Use the information below to answer the following questions.
Jackson Bottle Yard, a recycling glass company, has supplied the following information in relation to their actual sales in 2015 and planned sales for the first quarter of 2016. Past records indicate that expected receipts collected from debtors will be: 60 per cent in the month of sale
40 per cent in the month following the sale
-In real-world studies on budgeting, it has been found that:

• A) inaccurate forecasting has no effect on share price.
• B) most companies hit their forecast targets.
• C) forecasting is a waste of a company's time.
• D) companies with accurate forecasts are rewarded by higher share prices.

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Definitions:

Interrater Reliability

An indicator of reliability that examines the agreement of observations made by two or more raters (judges).

Alternate Forms Reliability

Assessment of reliability by administering two different forms of the same measure to the same individuals at two points in time.

Split-half Reliability

A measure of consistency where a test is divided into two parts and the scores on both halves are compared to assess the test's reliability.

Predictivity

The ability of a model or test to accurately forecast outcomes or behaviors.