Under What Circumstances Should Management Generally Consider Utilizing Qualitative Forecasting

question 99

Multiple Choice

Under what circumstances should management generally consider utilizing qualitative forecasting techniques?

• A) When real-time data flow is available
• B) When historic data is both clear and relatively stable
• C) When developing strategic-level forecasts
• D) When demand is dependent on bill of material (BOM) calculations

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Definitions:

Culturally Appropriate

Actions, behaviors, or interventions that are respectful of and tailored to the cultural practices and values of an individual or community.

Understandable

Capable of being grasped mentally; comprehensible.

Community Services

Public or private services aimed at addressing community needs, improving quality of life, and supporting the well-being of community members.

Proactive Efforts

Actions taken in anticipation of future problems or challenges, aimed at preventing issues before they arise.