I Long-Term Forecasts Are Usually from One Year to More

question 53

Multiple Choice

i. Long-term forecasts are usually from one year to more than 10 years into the future.
ii. A forecast is considered necessary in order to have the raw materials, production facilities, and staff available to meet estimated future demands.
iii. Many business and economic time series have a recurring seasonal pattern.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Color Film

A type of film that includes chemical elements for producing images in color, as opposed to solely in shades of gray (black and white films).

Black Maria

The first movie studio: a crude, hot, cramped shack in New Jersey where Thomas Edison and his staff began making movies. So named because it resembled a late nineteenth century police paddy wagon, for which the slang term “Black Maria” was first used.

Special Effects

A range of processes used to enhance or manipulate the cinematic image. In the classical era, special visual effects included images comprised of superimpositions and/or images enhanced by rear projection or matte paintings and backdrops. More modern effects include the vast array of digital effects created by computer-generated imagery (CGI).

Serialized Fantasy

A narrative format often used in books, films, or series where a continuous fantastical story is told over several installments.