Regarding forecasting, which of the following statements is NOT true?
a. Operations managers need sales forecasts to plan future production
b. Financial managers need estimates of future sales revenues, disbursements & capital expenditures in order to plan effectively.
c. Forecasts of credit conditions are needed to plan the cash needs of the firm.
d. Public administrators and managers of NFP corporations need not forecast, since they need not make a profit.
e. Both c and d are false.
d
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Society can produce at a point outside the production possibilities frontier, but only if it is using all of its resources efficiently.
Answer the following statement true (T) or false (F)
The problem of vesting and funding are avoided by __________ pension plans
A) both defined benefit and defined contribution B) defined benefit C) defined contribution D) neither defined benefit nor defined contribution
What is inflation targeting?
A. Making sure inflation is reduced to zero. B. Increasing the required reserve ratio when there is inflation. C. Increasing the supply of money in the economy. D. Aiming for a particular inflation level.
In the graph showing an increase in the growth of the money supply, as the economy moves from point A to point B on the short-run Phillips curve, real wages fall, causing companies to ______.
a. hire more people
b. lay off more workers
c. hire fewer workers
d. cut back production