Which of the Following Is INCORRECT About a Qualitative Approach

question 20

Multiple Choice

Which of the following is INCORRECT about a qualitative approach to forecasting?

• A) Can include managerial judgment when developing forecast data.
• B) Is useful when past data are not good indicators of future conditions.
• C) Typically used for short-range forecasting decisions.
• D) A market survey is one example method.

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Definitions:

Issued

Refers to the process whereby a company distributes shares to shareholders, which can include both the initial offering to the public and subsequent offerings.

Premium

An additional amount paid over the normal cost, often associated with insurance or bonds.

Discount

In finance, this is the reduction from the face value of a note, bond, or other financial instrument; in commerce, it refers to a reduction from the regular price.

Journal Entry

A documentation of a financial transaction in which the total debits equal the total credits and is entered into the accounting records.