A(n)________ Involves Starting with the Last Known Value of the Item

question 213

Multiple Choice

A(n) ________ involves starting with the last known value of the item being forecast,listing the factors that could affect the forecast,assessing whether they have a positive or negative impact,and making the final forecast.

• A)direct forecast
• B)lost-horse forecast
• C)buyers' intentions forecast
• D)indirect forecast
• E)incremental forecast

Understand interdisciplinary influences on the study of organizational behavior.

Comprehend basic guidelines for skill development and self-correcting learning processes.

Describe the organization system in terms of inputs, throughputs, and outputs.

Understand the concept and importance of Total Quality Management in organizations.

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Definitions:

Efficiency Of Investment

The degree to which invested resources are used optimally to achieve desired outcomes without waste.

Beneficiary

An individual or entity entitled to receive benefits or profits from a will, trust, insurance policy, or other arrangements designed to distribute assets.

Economic Profit

The profit a company makes after deducting both its explicit (direct) and implicit (indirect) costs.

Allocation Of Resources

The process by which resources are distributed for the production of goods and services, usually determined by market forces in a free market, or by government decisions in a planned economy.