What does the text mean when it states that rather than to search for the perfect forecast one should learn to live with inaccurate forecasts?
What will be an ideal response?
The text makes this statement: "perfect forecasts are virtually impossible." And, further, analysts should not go to unreasonable lengths to improve the precision of a forecast. Rather, the analyst should look at several methodologies for forecasting the same phenomena and try to cull out the "commonsense" view from them. It is far more important to continually review forecasts and learn to live with inaccurate forecasts than it is to try to pin down a forecast with too much precision.
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The limitations of financial performance measures ________.
A) lead management to use accelerated depreciation methods B) make it easy for companies to create goal congruence C) lead management to use the net book value of assets D) can be overcome by taking a broader view of performance with a balanced scorecard
Which of the following forms of organizational justice refers to how employees are treated by their leaders (e.g., level of respect and propriety)?
A. procedural justice B. interpersonal justice C. distributive justice D. informational justice
Which of the following is not a characteristic that should be possessed by a marketing objective?
A. It should be measurable. B. It should be expressed in clear, simple terms. C. It should be consistent with both business-unit and corporate strategies. D. It should specify a time frame for its accomplishment. E. It should be open ended in terms of time.
Which of the following is not a characteristic of an independent administrative agency?
a. The members of the governing board or commission are appointed for life. b. The agency derives power from an enabling statute. c. The agency has powers similar to or derived from all three branches of government d. The agency is subject to judicial review of its decisions and actions by the judiciary.