What Is This Month's Forecast Using the Naive Approach

question 37

Multiple Choice

What is this month's forecast using the naive approach?

• A) 100
• B) 200
• C) 130
• D) 140
• E) 120

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Definitions:

Profit Margin

A financial metric used to assess a company's profitability by comparing net income to sales.

Fair Market Value

An estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Orally Agree

To come to a mutual decision or arrangement through spoken words rather than written documents.