Discuss the Advantages and Disadvantages of Using Executive Judgment in Forecasting

question 110

Essay

Discuss the advantages and disadvantages of using executive judgment in forecasting company sales.

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Definitions:

Repressed Memories

Memories that have been unconsciously blocked due to the memory being associated with a high level of stress or trauma.

Reaction Formation

A defense mechanism where an individual behaves in a way opposite to their real feelings, often unconsciously.

Unconscious Awareness

A state in which an individual is not fully aware of underlying thoughts, feelings, or desires that influence behavior, rooted in psychoanalytic theory.

Moral Anxiety

A feeling of discomfort or worry caused by conflict between one's actions and moral standards.