Which of the Following Statements Is True About the Forecasting

question 29

Multiple Choice

Which of the following statements is true about the forecasting technique known as the "jury of executive opinion"?

• A) Employees at nearly all levels of the organization contribute their opinions, which is what makes this technique highly accurate.
• B) It is time-consuming and expensive to implement.
• C) It is a quantitative technique.
• D) Contributors may lack the background knowledge and experience to make meaningful predictions.

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Definitions:

Nociceptors

Sensory receptors that detect harmful stimuli, sending pain signals to the brain in response to potentially damaging or dangerous conditions.

Pitch

The perceived frequency of a sound, determining how high or low it sounds.

Auditory Canal

The tube that runs from the outer ear to the middle ear, transmitting sound waves to the eardrum.

Cochlea

A spiral-shaped cavity located within the inner ear, instrumental in converting sound vibrations into nerve impulses for auditory perception.