Which of the Following Statements About Forecasting Is NOT Correct

question 43

Multiple Choice

Which of the following statements about forecasting is NOT correct?

• A) Forecasts should have at least two numbers: one for the best estimate of demand and the other a measurement of forecasting error.
• B) There is no universal forecasting method for all situations.
• C) Forecasts of sales and demand will always be equal.
• D) Forecasting is both an art and a science.

Identify various forms of remote learning environments and their definitions.

Understand the concept of real-time communication in digital contexts.

Explain crowdsourcing, its benefits, risks, and its applicability to start-ups and established businesses.

Know the role of the web in supporting learning activities.

---

Definitions:

Increased Benefit

An enhancement or improvement in the terms or amount of an insurance or investment product's payouts.

Bankruptcy Costs

Expenses and losses incurred during the process of declaring bankruptcy, including legal fees, loss of creditworthiness, and potential asset liquidation.

M&M Proposition I

The value of the firm is independent of its capital structure.

Financial Distress Costs

The costs associated with a company's financial troubles, which may include bankruptcy costs, reduced sales, and impaired ability to conduct business.