What Is the Difference Between Trend Analysis and Management Forecasts

question 43

Multiple Choice

What is the difference between trend analysis and management forecasts?

• A) Trend analysis is used to analyze the business environment and management forecasts predict labour needs.
• B) Trend analysis uses organizational indexes and management forecasts utilize statistical techniques.
• C) Trend analysis is quantitative and management forecasts are qualitative.
• D) Trend analysis has proven success and management forecasts have major shortcomings.

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Definitions:

Virtual Organizations

Organizations that operate primarily through digital or electronic means, enabling remote work, digital collaboration, and operations without a fixed physical presence.

Value-Added Subcontractors

Subcontractors who not only provide services or products but also contribute additional value to the contracting company's project or process.

Telecommunications Technology

The hardware and software employed in transmitting information (voice, data, text, or images) over distances.

Organizational Culture

The shared values, beliefs, and practices that shape the behavior and attitudes of members within an organization.