The Internal Forces That Can Push Change in Unplanned Directions

question 1

Multiple Choice

The internal forces that can push change in unplanned directions include all of the following EXCEPT:

• A) interdepartmental politics.
• B) long-established working practices that are difficult to dislodge.
• C) deep-seated perceptions and values that are inconsistent with desired change.
• D) industry-wide trends affecting an entire sector.

Interpret the implications of a trend projection equation's slope on future values.

Understand seasonality in data and its impact on forecasting.

Recognize the difference between various patterns in data, including circuits, and their significance in forecasting.

Understand the difference between qualitative and quantitative forecasting methods.

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Definitions:

Price

The amount of money that must be paid to acquire a given product or service.

Quantity Demanded

The amount of a product that buyers are willing and able to purchase at a given price.

Excess Supply

The situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Price

is the amount of money required to purchase a good or service, serving as the exchange rate between money and the good or service.