When a Company Has Its Sales Forecasts Prepared by Management

question 73

Multiple Choice

When a company has its sales forecasts prepared by management consultants, economists, or college professors, it is using a(n)

• A) expert forecasting survey.
• B) Delphi technique.
• C) random factor analysis.
• D) external judgment survey.
• E) market test.

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Definitions:

Total Amount

The complete quantity or sum of all the parts or elements present in a given content or composition.

Growth Time

The period required for an organism, cell, or organ to grow to its full size or for a population to double.

Temperature

A measure of the average kinetic energy of the particles in a system, which determines how hot or cold the system is.

ADH

An abbreviation for Antidiuretic Hormone, a hormone that helps regulate the body's balance of fluids by reducing the production of urine.