Forecasts Based on Judgment and Opinion Do Not Include

question 58

Multiple Choice

Forecasts based on judgment and opinion do not include:

• A)executive opinion.
• B)salesperson opinion.
• C)second opinions.
• D)customer surveys.
• E)Delphi methods.

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Definitions:

Revenue Expenditure

A type of expenditure that does not result in the acquisition of long-term assets and is rather incurred in the day-to-day operations of a business.

New Equipment

Recently acquired or installed machinery or tools intended for operational or productive use in an organization.

Ordinary Maintenance

Routine maintenance and repairs necessary to keep an asset in working condition, not significantly prolonging its life or increasing its value.

Replacing Engine

The process of removing a damaged or nonfunctional engine from a vehicle or machine and installing a new or refurbished one.