Regarding Forecasting,which of the Following Statements Is NOT True

question 10

Multiple Choice

Regarding forecasting,which of the following statements is NOT true?

• A) ​Operations managers need sales forecasts to plan future production.
• B) ​Financial managers need estimates of future sales revenues,disbursements & capital expenditures in order to plan effectively.
• C) ​Forecasts of credit conditions are needed to plan the cash needs of the firm.
• D) ​Public administrators and managers of NFP corporations need not forecast,since they need not make a profit.
• E) ​Both c and d are false.

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Definitions:

Reinforcement Strategy

Techniques used to guide behavior by reinforcing desired actions and discouraging undesired ones through rewards or penalties.

Operant Conditioning

A method of instruction where the potency of a conduct is adjusted by means of incentives or disciplinary measures.

Negative Reinforcement

A behavioral strategy in which the removal of an undesirable or negative outcome follows a desired behavior, thereby increasing the likelihood of that behavior being repeated.

Job Rotation

Job rotation is a human resource management strategy where employees are moved between different jobs or tasks to gain a variety of skills and experiences and to prevent job fatigue and dissatisfaction.