__________ Is a Type of Forecast That Involves Estimating the Value

question 44

Multiple Choice

__________ is a type of forecast that involves estimating the value to be forecast without any intervening steps.

• A) direct forecast
• B) indirect forecast
• C) lost-horse forecast
• D) lost-cause forecast
• E) intention forecast

---

Definitions:

Continuous Flow

A production method used to manufacture, produce, or process materials without interruption.

Production Activity

The process of transforming raw materials into finished goods or services.

Work in Process

Goods that are in various stages of production within a manufacturing process but are not yet completed products.

FIFO Method

"First-In, First-Out," an accounting method for valuing inventory that assumes the first items purchased or produced are the first ones sold.