Which One of the Following Statements About Forecasting Is TRUE

question 56

Multiple Choice

Which one of the following statements about forecasting is TRUE?

• A) Judgment methods are designed particularly for situations when historical data are lacking.
• B) Casual methods are used when historical data are available and the relationship between the factor to be forecast and other external and internal factors cannot be identified.
• C) Focused forecasting is a technique that focuses on one particular component of demand and develops a forecast from it.
• D) The five basic patterns of demand are the horizontal, trend, seasonal, cyclical, and the subjective judgment of forecasters.

Understand the conditions under which a surety or guarantor is discharged from obligation.

Differentiate between types of collateral as classified in the Code.

Recognize the legal remedies and rights available to sureties.

Appreciate the implications of buying property with existing security interests or mortgages.