The Deviation of Actual Demand from the Forecast Is Called

question 83

Multiple Choice

The deviation of actual demand from the forecast is called ______.

• A)overforecasting error
• B)underforecasting error
• C)forecasting error
• D)none of these

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Definitions:

Errand Runner

A person or service engaged to perform small tasks or deliveries.

Implied Authority

A form of authority of an agent that is not explicitly stated but is assumed to be granted as part of the agent's duties.

Winding Up

The process of closing down a company by settling its liabilities and distributing any remaining assets to its shareholders.

Converting Assets

The process of changing assets from one form to another, often from non-liquid assets into cash or cash equivalents.