Which of the Following Is a Function of Forecasting

question 106

Multiple Choice

Which of the following is a function of forecasting?

• A)setting a target value and telling the program which variable to change to reach the goal
• B)using semantic structures and linguistic relationships to extract meaningful business intelligence
• C)calculating relationships between variables and allowing users to change some variables to see how others are impacted by it
• D)analyzing seasonal trends, using statistical decision support tools, to predict the future

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Definitions:

Expense Recognition

The accounting principle that matches incurred expenses to the revenue they generate, recognizing expenses in the same period as the related revenues.

Revenue Recognition Principle

The accounting principle that revenue should be recorded when earned, regardless of when payment is received.

Services Performed

The actions or tasks provided by a business to its customers for a fee.

Salaries And Wages Payable

Liabilities owed to employees for work performed that are unpaid at the end of a reporting period.