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

question 126

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. 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.

• 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) (i), (ii), and (iii) are all false statements.

---

Definitions:

Anti-Union Consultants

Anti-Union Consultants are professionals hired by companies to prevent or disrupt the formation of labor unions among employees.

Face-To-Face Interaction

Direct, in-person communication between individuals, allowing for non-verbal cues and immediate feedback.

Solidarity Theory

A concept in social sciences that emphasizes unity and agreement among individuals or groups, supporting each other to achieve common goals.

Relative Deprivation Theory

A sociological theory that posits individuals or groups will feel deprived and likely to seek social change when they compare themselves to others who are better off.