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marysya [2.9K]
3 years ago
5

A danger of forecasting discussed in the text is that _____________. a) in most cases, the expense of collecting the necessary d

ata exceeds the benefit b) the retrospective nature of forecasting provides little information about the future c) managers may view uncertainty as black and white while ignoring important gray areas d) it can create legal problems for the firm if regulators discover the company is making forecasts.
Social Studies
1 answer:
jolli1 [7]3 years ago
8 0

Answer:

The correct answer is c.

Explanation:

In the book <em>Strategic Management: Creating Competitive Advantages</em>, the authors discuss some of the most relevant topics related to strategic management, such as innovation, management, strategies, sustainability, and so on.

In their section about forecasting (which refers to predicting the future according to the information available) the authors warn about the dangers of it. One of them is that <u>managers may view uncertainty as black and white while ignoring important gray areas</u>. They argue that while forecast can be very valuable, management should always stay alert to any blind spots and gray areas.

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________ is a person's pattern of living as expressed in his/her psychographics, and it includes the individual's activities, in
DaniilM [7]

Answer:

Term Lifestyle

Explanation:

Lifestyle is the way people see their self in term of activities, value, interest and their opinion and believe that people see them in the same way.

Although lifestyle are sometimes influence by culture, family and social class.

Therefore Term lifestyle is a person way of

Living his or her life just the way they want it to be and it a way of life of an individual, group, or culture.

6 0
3 years ago
In medieval Europe, the Catholic calendar was used to mark _____.
enyata [817]

Answer:

The Days, Month and years.

Explanation:

Still now Americans celebrate Gorge Washington's birthday of a Catholic calendar.

(:

4 0
3 years ago
This is the solution to the diamond-water paradox: Those things that have high value in use sometimes have low prices because th
Sergeeva-Olga [200]

Answer:

E) marginal; marginal

Explanation:

The diamond-water paradox is also known as the "paradox of value".

                 In this paradox it is argued that water which is an essential thing for human survival and is so important to human, is offered no value in the market. Whereas diamond which is just a precious stone and is not an essential thing in human's life is valued so much and has great value in the market than water.

                 So the diamond-water paradox provides the solution that those things having high values in usage have low prices in the market because they are consumed at low marginal utility. And those things which have low value in usage sometimes have high prices in the market because they are consumed at high marginal utility.

Hence he answer is

E) marginal; marginal

5 0
3 years ago
This is the name for 18th century trade between West Africa, the West Indies, North America and europe
SIZIF [17.4K]

Answer:

triangular trade

Explanation:

For the British slave traders it was a three-legged journey called the 'triangular trade': West African slaves were exchanged for trade goods such as brandy and guns. Slaves were then taken via the 'Middle Passage' across the Atlantic for sale in the West Indies and North America.

3 0
3 years ago
Read 2 more answers
Because of the Roosevelt-Taft feud, Theodore Roosevelt decided to
My name is Ann [436]

Answer:

The correct answer is c) break a pledge he had made not to seek another term in office.

Explanation:

Roosevelt, after finishing his second term as the president, made the decision not to appear again for the presidency and decided to go on an expedition to Africa.

After returning from Africa, he finds William Howard Taft as president. He is not satisfied with the policies that William Taft develops, so Roosevelt decides to break his promise not to return to the presidency.

Roosevelt tries to return to the mandate, but it is not easy, he joins the progressive party, and although he did better than Taft, the candidate Woodrow Wilson wins the elections.

<em>I hope this information can help you.</em>

6 0
3 years ago
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