I a Forecast Is Considered Necessary in Order to Have

question 31

Multiple Choice

i. A forecast is considered necessary in order to have the raw materials, production facilities, and staff available to meet estimated future demands.
Ii) One component of a time series is the secular trend that is the smooth movement of a series over a short period of time, such as a few months or quarters.
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

---

Definitions:

Planning Duties

The responsibilities involved in defining goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Capability

The ability or qualities necessary to do something or achieve a particular result.

Telecommunication Linkages

Connections established through electronic systems or networks that facilitate the transfer of data and information over distances.

Remote Location

A place situated far from the main centers of population or operation, often requiring digital connectivity for communication.