Business Forecasts Are Based on a Variety of Information

question 67

Multiple Choice

Business forecasts are based on a variety of information. Which of the following types of information is not need to prepare a business forecast?

• A) Historical data
• B) Hotel occupancy
• C) Special-event bookings
• D) Employee turnover
• E) All of the above is necessary

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Definitions:

Robert Sternberg

An American psychologist best known for his theory on intelligence and creativity, including the triarchic theory of intelligence.

Different Kinds

Refers to a variety or numerous types of something.

Genetic Influences

The contribution of genes inherited from one's parents to the individual's phenotypic traits, including physical appearance, behavior, and vulnerability to certain diseases.

Impoverished Families

Households lacking sufficient financial resources to achieve a standard of living considered acceptable in society, often resulting in limited access to basic necessities and opportunities.