What Is the Difference Between Trend Analysis and Management Forecasts

question 43

Multiple Choice

What is the difference between trend analysis and management forecasts?

• A) Trend analysis is used to analyze the business environment and management forecasts predict labour needs.
• B) Trend analysis uses organizational indexes and management forecasts utilize statistical techniques.
• C) Trend analysis is quantitative and management forecasts are qualitative.
• D) Trend analysis has proven success and management forecasts have major shortcomings.

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Definitions:

Ethical Grounds

The basis or considerations for actions and decisions grounded in moral principles and values.

Public Opinion

Public opinion refers to the collective attitudes, beliefs, or views of the general public or specific population segments on various issues or topics.

Ethical Standards

Principled guidelines that govern the conduct of individuals and organizations, maintaining integrity and fairness in professional practices.

Public Opinion Surveys

The collection and analysis of the views of the general public, typically conducted through questionnaires to inform decision-making processes.