Which of the Following Is TRUE About Using Forecasts

question 105

Multiple Choice

Which of the following is TRUE about using forecasts?

• A) Multiple forecasts are best, and their predictions can be averaged.
• B) Forecasts become more accurate the further into the future you predict.
• C) Forecasts improve the data used to construct them.
• D) The more complex the forecast, the more carefully the math is designed, and the more accurate the forecast becomes.
• E) Unexpected events require a company to stick to the forecast.

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Definitions:

Advertising Expense

Costs incurred in promoting products, services, or the brand itself through various media channels.

Selling

The process of persuading customers to purchase goods or services from a company.

Administrative Expense

Expenses related to the management and overall operations of a company, which do not directly tie to the manufacturing or selling of products or services.

Office Facilities

Spaces and related services necessary for a business to function, including buildings, equipment, and utilities.