Which of the Following Is Not a Step in the Forecasting

question 108

Multiple Choice

Which of the following is not a step in the forecasting process?

• A)Determine the purpose and level of detail required.
• B)Eliminate all assumptions.
• C)Establish a time horizon.
• D)Select a forecasting model.
• E)Monitor the forecast.

Understand the concept of return on investment and how to calculate it.

Identify various types of value analyses used in sales to demonstrate product or service value.

Describe the Internet and cloud computing and how they influence business operations.

Grasp knowledge acquisition strategies for salespeople to enhance their effectiveness.

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Definitions:

Social Drift Theory

The hypothesis suggesting that individuals from higher social classes who are predisposed to mental illness tend to drift into lower social classes.

Social Class

A classification within society determined by economic and social standing.

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior, often requiring clinical diagnosis and management.

Behavior

The way in which an individual acts or conducts themselves, especially towards others or in response to stimuli.