Regardless of the Forecasting Method Utilized, Modifications Are Made Based

question 38

Multiple Choice

Regardless of the forecasting method utilized, modifications are made based on

• A)management control systems.
• B)HRIS data.
• C)managerial judgment.
• D)changing market conditions.
• E)changing economic conditions.

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Definitions:

Net Sales

Company sales revenue post deduction of returns, allowances for imperfections or absences, and discounts.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.

Plant Assets

Durable physical assets employed in the running of a business, designed for long-term use and not for being sold off.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the company's financial statements.