Which One of the Following Statements About the Patterns of a Demand

question 131

Multiple Choice

Which one of the following statements about the patterns of a demand series is False?

• A) The five basic patterns of most business demand series are the horizontal, trend, seasonal, cyclical, and random patterns.
• B) Estimating cyclical movement is difficult. Forecasters do not know the duration of the cycle because they cannot predict the events that cause it.
• C) The trend, over an extended period of time, always increases the average level of the series.
• D) Every demand series has at least a random component.

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Definitions:

Norms

Shared expectations or rules within a culture or society that guide and constrain behavior, establishing standards of conduct.

Stratification

The hierarchical arrangement of individuals or groups in a society based on wealth, power, status, or other criteria that leads to unequal access to resources and opportunities.

United States

A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions, known for being a leading world economic and military power.

Upper Class

The segment of society that possesses the highest level of wealth, social status, and influence.