Which of the Following Is True About Using Forecasts

question 24

Multiple Choice

Which of the following is true about using forecasts?

• A)Multiple forecasts are best, and their predictions can be averaged.
• B)Forecasts become more accurate when predicting further into the future.
• C)Forecasts are useless when the future will look radically different from the past.
• D)The more complex the forecast, the more accurate are the predictions.
• E)The accuracy of forecasts does not vary from one application to another.

---

Definitions:

Office Furniture

Furniture and related items used in offices, such as desks, chairs, and file cabinets.

Straight-Line Method

A depreciation method that allocates an equal amount of depreciation each year over the useful life of the asset.

Resale Value

The likely selling price of a good or asset if sold at a future date, considering depreciation or appreciation.

Office Furniture

Items designed for use in a work or office setting, including desks, chairs, and file cabinets.