The Business Analyst for Video Sales, Inc

question 117

Multiple Choice

The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data:

What is the forecast for this year using the naive approach?

• A)100
• B)200
• C)300
• D)500
• E)600

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Definitions:

Financial Reporting

Compiling and presenting financial information that clarifies an enterprise's monetary state to its executive team, investors, and government officials.

Operating Data

Information related to the day-to-day operations of a business, used to analyze performance and make decisions affecting productivity and profitability.

Conceptual Framework

A system of ideas and objectives that guide the development, preparation, and interpretation of financial reporting information.

FASB

Stands for the Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.