What Type of Forecasting Method Is Concerned with Existing Assumptions

question 86

Multiple Choice

What type of forecasting method is concerned with existing assumptions based on historical data to create ratios of production or sales amounts to human capital needs?

• A)process-based rules
• B)event-based rules
• C)norm-based rules
• D)transaction-based rules

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Definitions:

Foreign Firms

Businesses that operate in a country other than where their original headquarters are located.

Revenue Decrease

A decline in the amount of money received from sales or services over a certain period.

Ethanol Imported

Refers to ethanol (a biofuel) that is bought from foreign producers and brought into a country’s borders, often used as an additive in gasoline.

Consumer Surplus

The contrast between the total expenditure consumers are willing to make on a good or service and the total expenditure they actually make.