Which of the Following Statements Is Best Statement About Forecasting

question 5

Multiple Choice

Which of the following statements is best statement about forecasting?
I. It must be done by all who wish to meet the demands of the future.
II. Companies who make to order to NOT have to forecast.

• A) I and II are true
• B) I only is true
• C) II only is true
• D) neither I nor II are true

---

Definitions:

Training

The process of teaching or developing in oneself or others, any skills and knowledge that relate to specific useful competencies.

Beginning Managers

Individuals who are newly appointed to a managerial position, often facing the challenge of learning to lead and manage effectively.

Performance Appraisal

Performance appraisal is a systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Behaviourally Anchored Rating Scales

A performance appraisal method that uses specific descriptions of behavior to rate various levels of performance.