Which of the Following Is a Basic Consideration of Forecasting

question 9

Multiple Choice

Which of the following is a basic consideration of forecasting?

• A) Forecasts at lower levels are more accurate
• B) Once a forecast has been made, management has all it needs to plan for operations
• C) Managerial estimates are the best source for demand forecasts
• D) Downstream transactional data such as customer requisitions are the best source for projecting demand

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Definitions:

Revocable Living Trust

A trust document created by an individual that can be amended or revoked during their lifetime, used often for estate planning purposes.

Estate Tax

Estate tax is a tax levied on the net value of the estate of a deceased person before it is distributed to the heirs.

Management Advantages

The benefits or competitive edge that a company obtains through effective and efficient management of its resources and operations.

Right-of-Way

The legal right, established by usage or grant, to pass along a specific route through grounds or property belonging to another.