A Danger of Forecasting Discussed in the Text Is That

question 63

Multiple Choice

A danger of forecasting discussed in the text is that

• A) in most cases, the expense of collecting the necessary data exceeds the benefit
• B) forecasting's retrospective nature provides little information about the future
• C) managers may view uncertainty as "black and white" while ignoring important "grey areas"
• D) it can create legal problems for the firm if regulators discover the company is making forecast

---

Definitions:

Language Acquisition

The process by which humans learn to perceive, recognize, and understand language, including both spoken and written communication, from infancy through adulthood.

Bilingual Advantage

The cognitive, social, and psychological benefits gained from being fluent in two languages.

Inhibit Language

The suppression or reduction of language, often referring to an individual's reduced capacity or unwillingness to communicate verbally.

Geometric Mean

A measure of location that is calculated by finding the nth root of the product of n values.