Which of the Following Statements Is FALSE About Good Forecasts

question 51

Multiple Choice

Which of the following statements is FALSE about good forecasts?

• A)Short-term forecasts tend to be more accurate than long-term forecasts.
• B)Aggregate forecasts for groups of products or services tend to be more accurate than forecasts for individual products.
• C)The forecasts for dependent-demand items are more accurate than forecasts for independent-demand items.
• D)Long-term forecasts tend to be more accurate than short-term forecasts.

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Definitions:

Foreign Officials

Individuals holding positions of authority in government bodies outside one's own country.

Business Contracts

Legally binding agreements between two or more parties that outline terms and conditions related to business transactions.

Criminal Liability

The legal responsibility or obligation of an individual who has committed a crime, subjecting them to prosecution and punishment.

State of Mind

The particular condition or mood a person is in at any given time, often relevant in determining intent in legal contexts.