The Judgment Methods of Forecasting Are to Be Used for Purposes

question 49

Multiple Choice

The judgment methods of forecasting are to be used for purposes of:

• A)making adjustments to quantitative forecasts due to unusual circumstances
• B)forecasting seasonal demands in lieu of time-series approaches
• C)avoiding the calculations necessary for quantitative forecasts
• D)making forecasts more variable

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Definitions:

Business-Expense Tax Deduction

A reduction in taxable income for businesses, for costs that are considered necessary and ordinary in running the business.

Fair Labor Standards Act

U.S. legislation aimed at protecting workers against unfair pay and excessive working hours, establishing minimum wage and overtime pay guidelines.

Personal Breaks

Short periods of time during the workday that employees are allowed to take for personal needs, not including lunch breaks.

Compensate Employees

This refers to the various ways an employer can provide payment or benefits to their workers for the services rendered, including salaries, wages, bonuses, and benefits.