Which of the Following Is Done to Improve the Reliability

question 126

Multiple Choice

Which of the following is done to improve the reliability of the sales forecast?

• A) Employ financial planning models
• B) Lengthen the planning horizon to more than a year
• C) Rely solely on outside consultants
• D) Use the sales forecasts from the previous year

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Definitions:

Revised Article 3

Amendments and updates to Article 3 of the Uniform Commercial Code (UCC), which primarily deals with negotiable instruments like checks.

Accommodation Maker

An individual or entity that signs a negotiable instrument on behalf of another party, without receiving any benefit, to ensure that the instrument is accepted or paid.

Promissory Note

A financial document in which one party promises to pay another party a specific sum of money at a specified time or on demand.

Discharged

In a legal or financial context, it refers to being freed from a debt, obligation, or liability.