Which of the Following Involves Forecasting Alternative Outcomes Based on Different

question 95

Multiple Choice

Which of the following involves forecasting alternative outcomes based on different assumptions about different marketing variables?

• A)naïve extrapolation
• B)linear extrapolation
• C)scenario planning
• D)regression analysis

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Definitions:

Lean Environment

An operational philosophy focused on minimizing waste and maximizing efficiency in the production process or organizational operations.

Conversion Costs

The combination of direct labor and factory overhead costs; in lean accounting, the account in which is accumulated the costs of direct labor and factory overhead.

Manufacturing Overhead Control

This involves managing and recording all indirect production costs associated with manufacturing operations, including utilities, maintenance, and equipment depreciation.

Backflush Accounting

A simplification of the accounting system by eliminating the accumulation and transfer of product costs by departments (intermediate departmental work in process accounts), but instead pulls the material and conversion costs directly to finished goods.