Which of the Following Statements Is True About the Forecasting

question 22

Multiple Choice

Which of the following statements is true about the forecasting technique known as the "Delphi Technique"?

• A) It is the best technique to use when the organization is seeking to make a technological breakthrough.
• B) It involves gathering input from experts outside of the organization, such as academic researchers.
• C) It is a quantitative technique.
• D) Although it is very quick to implement, it is generally very expensive.

---

Definitions:

Avoid Duplicating

involves taking measures to prevent repetition or copying in processes, information, or products to ensure uniqueness and efficiency.

Corporate Credit Ratings

Assessments made by credit rating agencies that evaluate a corporation's ability to repay its debts.

Goodwill

Represents the intangible asset that arises when a company acquires another company for a price higher than the fair market value of its net assets, often related to the brand, customer base, and reputation.

Geographic Boundaries

Physical or conceptual limits that define areas such as countries, states, cities, or territories for administrative, commercial, or political purposes.