What Is a Statement About What Will Happen or Might

question 408

Multiple Choice

What is a statement about what will happen or might happen in the future, for example, predicting future sales or employee turnover?

• A)Prediction
• B)Optimization
• C)Forecasting
• D)Regression

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Definitions:

Economic Loss

Occurs when the cost of producing a good or service exceeds the revenue gained from selling it.

Investment Return

The profit or loss derived from investing capital, including dividends, capital gains, and interest.

Retaining Earnings

The practice of holding onto a company's profits to reinvest in the business rather than distributing them as dividends to shareholders.

Net Worth

The total assets minus total outside liabilities of an individual or a company.