An Organization Is Using Multiple Predictor Estimates of the Future

question 67

Multiple Choice

An organization is using multiple predictor estimates of the future demand for human resources based on a variety of differing assumptions about how future events will unfold.What type of forecasting technique or analysis is it using?

• A)Delphi technique
• B)nominal technique
• C)simulation
• D)scenario forecast

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Definitions:

Contribution Approach

An income statement formatting that separates fixed from variable costs, showing contribution margin.

Opportunity Cost

The loss of potential gain from other alternatives when one option is chosen.

Cost Formula

An equation or method used to determine the total cost of producing goods or services, combining fixed costs, variable costs, and sometimes semi-variable costs.

Variable Selling Expenses

Costs that vary directly with the volume of sales, such as commissions and shipping fees.