A Danger of Forecasting Discussed in the Text Is That

question 99

Multiple Choice

A danger of forecasting discussed in the text is that

• A) in most cases, the expense of collecting the necessary data exceeds the benefit.
• B) the retrospective nature of forecasting provides little information about the future.
• C) it can create legal problems for the firm if regulators discover the company is making forecasts.
• D) managers may view uncertainty as black and white while ignoring important gray areas.

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Definitions:

Influence Tactic

Strategies used by individuals or groups to change the behavior or attitudes of others in a particular direction.

Political Skill

The ability to effectively understand others at work and use such knowledge to influence others to act in ways that enhance one's personal or organizational objectives.

Sources of Power

The origins from which an individual or organization derives the ability to influence others, such as through expert knowledge, authority, or social relationships.

Compliance

The act of conforming to set rules, standards, or laws.