It Is Important to Question the Reliability of Forecasts Because

question 103

Multiple Choice

It is important to question the reliability of forecasts because

• A) if predictions are too low, a company like Motel 6 might build too many units and thus have a surplus of capacity.
• B) uncertainty is black and white, and therefore the gray areas are unimportant.
• C) underestimating uncertainty can lead to good competitive strategies.
• D) the growth new industries, such as that of telecommunications, cannot be predicted.

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Definitions:

Procedural Justice

The degree to which policies and rules are fairly applied.

Fairly Applied

a principle or rule that is implemented or enforced in an impartial, equitable, and consistent manner across all relevant situations or individuals.

Distributive Justice

The degree to which outcomes are distributed fairly.

Dignity and Respect

Treating individuals with inherent worthiness and consideration, recognizing and valuing their rights, feelings, and perspectives.