Which One of the Following Statements About the Patterns of a Demand

question 134

Multiple Choice

Which one of the following statements about the patterns of a demand series is FALSE?

• A)The five basic patterns of most business demand series are the horizontal,trend,seasonal,cyclical,and random patterns.
• B)Estimating cyclical movement is difficult.Forecasters do not know the duration of the cycle because they cannot predict the events that cause it.
• C)The trend,over an extended period of time,always increases the average level of the series.
• D)Every demand series has at least two components: horizontal and random.

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Definitions:

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Accounting Equation

The foundational equation in accounting that represents the relationship between assets, liabilities, and owners' equity, expressed as Assets = Liabilities + Owners' Equity.

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A monthly charge for the consumption of electricity, typically issued by an electricity provider.

Accounting Equation

The foundational equation in accounting, representing the relationship between assets, liabilities, and equity (Assets = Liabilities + Equity).