Long-Range Forecasts

question 6

Multiple Choice

Long-range forecasts

• A)typically do not include time spans longer than three weeks.
• B)do not rely on subjective judgment.
• C)use numerical models.
• D)are too complex to make use of statistics.

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Definitions:

Environmental Practices

Activities and policies implemented by individuals, businesses, or governments aimed at minimizing negative impacts on the natural environment.

Human Resource Planning

The process of predicting and planning for future HR needs to ensure the organization has the right number of employees with the right skills at the right time.

Compensation Policies

Guidelines that dictate how employees are rewarded for their work, including wages, salaries, bonuses, and benefits.

Strategic

An approach that involves planning and decision-making which focuses on long-term goals and the overall direction of an organization.