I Long-Term Forecasts Are Usually from One Year to More

question 41

Multiple Choice

i. Long-term forecasts are usually from one year to more than 10 years into the future.
ii. A forecast is considered necessary in order to have the raw materials, production facilities, and staff available to meet estimated future demands.
Iii) Many business and economic time series have a recurring seasonal pattern.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

Day

A period of 24 hours as a unit of time, representing one complete rotation of the Earth on its axis, commonly divided into daytime and nighttime.

Malnutrition

A condition that results from eating a diet which does not supply a healthy amount of one or more nutrients or provides too much of a nutrient.

Brain

The organ located in the head of an organism that coordinates its actions and sensory information by transmitting signals to and from different parts of its body.

Head-sparing

A concept in pediatric development referring to the body's prioritization of nourishing the brain over other organs during periods of malnutrition.