Which of the Following Is Not a Forecasting Technique Mentioned

question 65

Multiple Choice

Which of the following is not a forecasting technique mentioned in your text?

• A) Accounting-based forecasting
• B) Technical forecasting
• C) Fundamental forecasting
• D) Market-based forecasting
• E) Mixed forecasting

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Definitions:

Direct Materials Cost

The expense incurred for materials that are an integral part of a finished product, which can be directly attributed to the product itself.

Activity-Based Costing

A costing methodology that assigns costs to products or services based on the resources they consume, aiming to provide more accurate cost information.

Overhead Cost

Expenses related to the operation of a business that are not directly tied to a specific product or service, such as rent and utilities.

Activity Cost Pools

Groupings of individual costs associated with specific activities used in activity-based costing to allocate costs more accurately.