Which of the Following Would Be Considered a Possible Drawback

question 19

Multiple Choice

Which of the following would be considered a possible drawback of using executive opinions to develop a forecast?

• A) It is difficult to interpret the results.
• B) Responsibility is diffused for the forecast.
• C) Extensive use of computers is needed.
• D) It brings together the knowledge of top managers.
• E) Forecasters are sometimes overly influenced by recent events.

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Definitions:

Stop Payment

A request made to a financial institution to cancel the processing of a check or payment transaction before it has been completed.

Defect

An imperfection or shortcoming in a product or system that impairs its usability, safety, or functionality.

Uncertified Check

A check that has not been verified or guaranteed by the bank upon which it is drawn, unlike a certified check.

Cash

Cash is a medium of exchange that represents real value and is used for transactions, available either as physical currency or digital form.