Which of the Following Statements Concerning Forecasting Is NOT True

question 4

Multiple Choice

Which of the following statements concerning forecasting is NOT true?

• A) In some cases, simple estimation of likely future trends is sufficient
• B) Structured forecasts, using statistics, can be relied upon to be accurate
• C) Forecasting allows us to estimate future performance based on historical trends
• D) Before making a large investment, structured forecasting may be necessary

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Definitions:

Two-Way Communication

Two-way communication is an interactive process where information flows back and forth between participants, allowing both to speak and listen.

Power Distance Values

Cultural norms that dictate the accepted distribution of power in relationships, organizations, and society.

Two-Way Communication

Involves interactive dialogue where information flows back and forth between two or more parties, facilitating understanding and feedback.

Humane-Oriented Values

Ethical principles that prioritize compassion, care, and concern for the well-being of others, influencing behaviors and decisions.