Which of the Following Statements Is Falseregarding Sales Forecasting

question 82

Multiple Choice

Which of the following statements is falseregarding sales forecasting?

• A) It may involve the use of elaborate planning models and regression analysis.
• B) It may rely heavily on the intuition and opinions of managers.
• C) Other budgets are rarely affected by errors in sales forecasts.
• D) The usual starting point is last year's level of sales.

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Definitions:

Government Budget Deficit

The financial situation where a government's expenditures exceed its revenues, leading to borrowing or debt accumulation.

Exchange Rate

The exchange rate of one currency to another.

Yen

The official currency of Japan, symbolized as ¥ and known in finance as JPY.

Dollar

The official currency of the United States, also used as a standard monetary unit in many other countries.