The Ohio River Boatworks Uses Last Year's Sales as a Starting

question 220

Multiple Choice

The Ohio River Boatworks uses last year's sales as a starting point to estimate next year's sales of its boats, lists factors that could affect the forecast, assesses whether they have a positive or negative impact, and makes the final forecast. The Ohio River Boatworks uses a __________forecast.

• A)buildup
• B)top-down
• C)salesforce survey
• D)lost-horse

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Definitions:

Financial Projections

Estimates of future revenue, expenses, and profitability over a specific period, often used in business planning.

Position Papers

Documents that present an organization's stance on a particular issue, often including arguments and evidence to support that position.

Compliance Papers

Documents that demonstrate adherence to laws, regulations, or standards.

Organization's Position

The stance or viewpoint held by a company or group on a particular issue or in its market.