Forecasting Is Unnecessary Because No One Can Accurately Predict Future

question 33

True/False

Forecasting is unnecessary because no one can accurately predict future business levels.

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Definitions:

Business Incubator

A facility that offers space, shared services, and advice to help get small businesses started.

Limited Liability Corporation

A corporate framework that merges the direct taxation benefit of sole proprietorships or partnerships with the corporation's advantage of limited liability.

Partnership

A legal and business relationship between two or more people who collaborate and share the responsibilities, profits, and losses of running an enterprise.

Resource Plan

A detailed outline identifying the resources (such as manpower, tools, finances) required to complete a project or achieve a business objective.