Errors in the Sales Forecast Can Be Offset by Similar

question 26

True/False

Errors in the sales forecast can be offset by similar errors in costs and income forecasts Thus, as long as the errors are not large, sales forecast accuracy is not critical to the well being of the firm.

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Definitions:

Prescribe

To recommend or dictate a specific course of action or treatment, often used in a medical context.

Legal Consequences

The potential legal penalties or effects that may follow from actions or violations of laws and regulations.

Order-Fill Rate

A metric that measures the efficiency of a company's inventory management by calculating the percentage of customer orders fulfilled from stock on hand.