Which of the Following Statements Is FALSE

question 3

Multiple Choice

Which of the following statements is FALSE:

• A)Time Series forecasting is based on the assumption that the future is an extension of the past
• B)Cause-and-Effect forecasting assumes that one or more factors are related to demand and,therefore,can be used to predict future demand
• C)All quantitative methods become less accurate as the forecast's time horizon increases
• D)It is generally not recommended to use a combination of both quantitative and qualitative methods

---

Definitions:

Profit Margin

A financial ratio expressing the percentage of revenue that remains as profit after all expenses are deducted from sales, indicating the financial health and efficiency of a business.

Construction Industry

The sector of the economy that deals with the construction, maintenance, and repair of buildings, roads, and other physical structures.

Privately Owned Businesses

Businesses that are owned by individuals or private companies and are not traded publicly on stock exchanges.

Entrepreneurship

The act of creating, managing, and scaling a business venture to generate profit while taking on financial risks.