I took this test the answer is B. introspection
Answer: TRUE
Explanation: Qualitative forecasting method are mostly based on survey polls, opinions of expert, etc.
While Quantitative deals with measurable numerical qualities, the qualitative deals with observation and opinions.
Qualitative forecasting method is a forecasting method that favours the intuitions and opinions of experts over numeric historic data. While the numeric data analysis will show that increase in production will lead to increase in sales for the coming year in a tobacco company , the experienced sales managers will let the company know that due to the recent law enforced by the government, there will be low sales in the following year. This will allow the company to either reduce their production rate or stay on the same production rate but not increase production.
Answer: Option C
Explanation: In simple words, rate of economic growth refers to the change in a country's gross domestic product from one year to another. GDP refers to the market value of goods and services produced by an economy in a particular time period, generally a year.
An economy who do not increase its GDP with a speedy rate cannot fulfill the increasing requirements and expectations of its citizens. A lower rate of economic growth will decrease the standard of living and increase the cost of living.
Hence from the above we can conclude that the correct option is CC
