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.

---

Definitions:

Liquidation Expenses

Costs incurred during the process of selling off assets or winding up a business, including legal fees, auctioneer fees, and other related expenses.

Cash Distribution

The payment of earnings or capital to shareholders, partners, or members from a corporation, partnership, or other entity, typically in the form of cash.

Noncash Assets

Assets that are not in the form of cash or cash equivalents, including physical property, intellectual property, and investments.

Remaining Cash

The amount of money that is available after all expenses and liabilities have been paid.