A Major University Hired an Economist to Forecast Enrollment to Produce

question 24

Multiple Choice

A major university hired an economist to forecast enrollment to produce a prediction of "head count." One variable that she would probably emphasize more than any other in trying to make the forecast

• A)how interested people are in attending college.
• B)the employment opportunities that college opens up.
• C)survey results on public interest in education.
• D)her instinct about what the public wants.
• E)the price of attending-tuition.

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Definitions:

Cash Collections

The process of receiving and managing payments from customers for goods or services provided.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered but not yet paid for.

Zero-Based Budgeting

A budgeting method where all expenses must be justified for each new period, starting from a "zero base," rather than just adjusting previous budgets.

Cash Budget

An estimate of cash inflows and outflows over a specific period, used to manage and plan for cash needs.