The Sales Forecast Should Be PRIMARILY Based On

question 166

Multiple Choice

The sales forecast should be PRIMARILY based on:

• A)production capacity.
• B)statistical analysis.
• C)input from the board of directors.
• D)input from sales managers and sales representatives.

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Definitions:

Unemployment Taxes

Taxes employers pay to federal and state governments to fund unemployment benefits for workers who lose their jobs.

Internal Controls

Procedures and measures taken by a business to safeguard its assets, ensure accuracy and reliability in accounting records, and enhance operational efficiency.

Payroll

The total amount paid to employees for services they provided during a certain period.

Double Time

A pay rate that is twice the employee's regular hourly rate, often applied for working on holidays or overtime.