Why Is It Usually Best to Supplement the Ratio,scatter Plot,and

question 37

Multiple Choice

Why is it usually best to supplement the ratio,scatter plot,and trend forecasting methods with managerial judgment?

• A)because judgment forecasting is the most accurate method
• B)because historical trends and relationships can change
• C)because top-down approaches need analytical validation
• D)because firms need to keep their fingers on the pulse of their labor markets

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Definitions:

Conventional Morality

Conventional morality is the second level in Kohlberg's stages of moral development, where an individual's sense of right and wrong is based on societal norms and the expectations of others.

Sociodramatic Play

Make-believe play in which two or more participants enact a variety of related social roles.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Immediate Impulses

Refers to spontaneous reactions or actions taken without premeditation or consideration of long-term consequences.