Which of the Following Is True

question 14

Multiple Choice

Which of the following is true

• A) Nominal forecast errors cannot be negative.
• B) Nominal forecast errors are negative when the forecasted rate exceeds the realized rate.
• C) Absolute forecast errors are negative when the forecasted rate exceeds the realized rate.
• D) None of the above.

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Definitions:

Short-Term Decisions

Business choices made to affect operations or financial performance in the near future, typically within one year.

Professional Accountants

Individuals who are qualified to perform accounting tasks, such as audits, tax preparation, and financial analysis.

Certified Public Accountants

Professionals who are authorized to provide a range of accounting services, including auditing financial statements, consulting, and tax preparation.

Benchmarking

A systematic approach to identifying the activities with the greatest room for improvement. It is based on comparing the performance in an organization with the performance of other, similar organizations known for their outstanding performance.