_______ Occurs When a Forecast Has a Tendency to Be

question 37

Multiple Choice

_______ occurs when a forecast has a tendency to be either consistently higher or lower than the actual demand.

• A) Forecast correction
• B) Forecast bias
• C) Forecast discrimination
• D) Forecast creep

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Definitions:

Purchases

The acquisition of goods or services in exchange for monetary payment in the course of business operations.

Outstanding Shares

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Corporation

A legal entity owned by shareholders, with the characteristic of limited liability, and capable of owning assets, suing or being sued.

Charter

A charter is a legal document that establishes a corporation or municipality and defines its rights, privileges, and purposes.