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Debora [2.8K]
3 years ago
13

Which of the following statements is NOT true regarding​ forecasting? A. Forecasting may involve taking historical data and proj

ecting them into the future with a mathematical model. B. Forecasting is exclusively an objective prediction. C. A forecast is usually classified by the future time horizon that it covers. D. Forecasting is the art and science of predicting future events.
Business
1 answer:
laiz [17]3 years ago
6 0

Answer: Forecasting is exclusively an objective prediction.

Explanation: In simple words, the process of predicting any future event by analyzing the past data is called the forecasting. The factors that an analyst takes from the past could be both qualitative and quantitative.

     The forecasting process is done for a specified period and not for infinity. In other words, it is the study of trends and predicting how these trends could change in the future.

Hence from the above we can conclude that the correct option is B.

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The Physical Inventory Worksheet is used when: Multiple Choice inventory items are physically placed in the warehouse All of the
maw [93]

Answer:

taking a physical count of inventory on hand

Explanation:

The Physical Inventory Worksheet is used when taking a physical count of inventory on hand. This is the only way to tell how many items are really available for sale and allows a business to do it efficiently. An example would be counting the number of steaks the restaurant has on hand on a Saturday afternoon. This also allows the business to analyze the expected sales with the actual inventory in order to determine whether or not they need more.

7 0
3 years ago
Sarah, a manager at Ackles Inc, plays pranks on her subordinates in an attempt to make the workplace livelier. She trusts her su
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Answer:

B) The country club style

Explanation:

Based on the scenario being described within the question it can be said that the leadership style being used is known as the country club style. This style focuses on showing most concern for employees and less concern for production processes, with the main idea that if individuals are happy with their job position then they will work harder which will in term, increase production.

7 0
3 years ago
Read 2 more answers
A flexible budget variance is $1,500 favorable for unit-related costs. This indicates that: A. actual costs were $1,500 more tha
lys-0071 [83]

Answer:

D. actual costs were $1,500 less than for the planned level of activity.

Explanation:

D. actual costs were $1,500 less than for the planned level of activity.

the budget depicted more $1500 expenses for certain units production.

4 0
3 years ago
Nike inadvertently offended Chinese officials when it ran an ad featuring LeBron James crushing a number of revered Chinese figu
topjm [15]

Answer: culture

Explanation:

Culture is the custom, ideas, and the social behaviour of a particular society. For an organization to develop a marketing strategy that is successful, the organization must consider the cultural influences of the people where a new product will be introduced.

People make decisions on the consumption of a product usually on their cultural influences. The Nike advertisement involving Chinese was an example of cultural influences in marketing strategy.

8 0
3 years ago
Ketchup is a complement (as well as a condiment) for hot dogs. If the price of hot dogs rises, the quantity of hot dogs demanded
-BARSIC- [3]

Answer:

Fall; lowers; falls; decrease; lower; increases; fall; away from orange juice and toward tomato juice; falls.

Explanation:

Ketchup is a complement and condiment in hot dogs. An increase in the price of hot dogs will cause its quantity demanded to fall. This will cause the demand for ketchup to decrease as well. The demand curve for ketchup will move to the left. This will cause the equilibrium quantity to fall. This will further cause a reduction in the demand for tomatoes by ketchup producers.

A decrease in demand will cause the equilibrium price of tomatoes to fall. A reduction in the price of tomatoes will lower the cost of producing tomato juice. The firms will be able to supply more at the same cost. This will cause the supply to increase. As the supply curve moves to the right, the equilibrium price of tomato juice will fall.

Orange juice is a substitute for tomato juice. The consumers will prefer the cheaper substitute. As a result, demand will move away from orange juice towards tomato juice. This will cause the demand for orange juice to fall.

4 0
3 years ago
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