As Compared to Long-Range Forecasts,short-Range Forecasts

question 36

Multiple Choice

As compared to long-range forecasts,short-range forecasts:

• A)are less accurate.
• B)deal with less comprehensive issues supporting management decisions.
• C)employ similar methodologies.
• D)all of the above
• E)none of the above

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Definitions:

Certainty

The state of being certain or confident in something, without any doubt.

Managers

Individuals in an organization responsible for directing and controlling the work and performance of other people or teams, to achieve the company's goals.

Organic Organizational Model

A flexible, adaptive organizational structure characterized by less formalization, broad job descriptions, and a decentralized decision-making process.

Unstable

Describes a situation, structure, or system that is not firmly fixed or is likely to change or fail suddenly.