One Reason for Using the Delphi Method in Forecasting Is

question 75

Multiple Choice

One reason for using the Delphi method in forecasting is to:

• A)reduce the risk that one individual's opinion will prevail.
• B)achieve a high degree of accuracy.
• C)maintain accountability and responsibility.
• D)be able to replicate results.
• E)prevent hurt feelings.

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Definitions:

Sales Increase

A rise in the amount of products or services sold by a business within a specific period, indicating growth or an uptick in market demand.

Degree of Operating Leverage

A financial ratio that measures how sensitive a company's operating income is to changes in revenue, indicating risk level.

Variable Expenses

Costs that vary in total in direct proportion to changes in an activity level or volume, such as materials and labor costs.

Fixed Expenses

Expenses that remain constant regardless of the amount of goods produced or sold, including items like rent, salaries, and insurance costs.