Which Forecast Uses Opinions Gathered from Consumer Surveys, Managers, Sales

question 104

Multiple Choice

Which forecast uses opinions gathered from consumer surveys, managers, sales staff, experts, and executives?

• A)associative
• B)time-series
• C)judgmental
• D)capacity
• E)quantitative

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Definitions:

Job Analysis Technique

A systematic process used to identify the skills, duties, and knowledge required for a specific job, aiding in recruitment and performance evaluation.

Job Observation

The method of evaluating a job by watching and noting the tasks being performed, often used for training, performance assessment, or job design.

Family-Managed Businesses

Businesses that are owned, controlled, and operated by members of one or several families, often passed down through generations.

Nonfamily Professionals

Individuals who are employed in family-owned businesses but are not members of the owning family, bringing external expertise and perspectives.