A danger of forecasting discussed in the text is that
A. the retrospective nature of forecasting provides little information about the future.
B. managers may view uncertainty as black and white while ignoring important gray areas.
C. it can create legal problems for the firm if regulators discover the company is making forecasts.
D. in most cases, the expense of collecting the necessary data exceeds the benefit.
Answer: B
You might also like to view...
Jerrod Sampson is paid $10 an hour for 40 hours a week, with time-and-a-half for overtime and double-time for Sundays and holidays. Overtime premium is charged to Factory Overhead. Using the labor-time record below:
a. Compute Jerrod's total earnings for the week. b. Present the journal entry to distribute Jerrod's total earnings. SUTA = 4%, FUTA = 1%, FICA = 8%, FIT = 10% Sun Mon Tues Wed Thur Fri Sat Total F28 4 4 4 4 4 4 4 28 M14 3 2 5 6 16 Idle 1 1 4 6 Total 4 8 7 9 8 10 4 50
The direct method is an approach to discriminant analysis that involves estimating the discriminant function so that all the predictors are included simultaneously
Indicate whether the statement is true or false
Which is true about headsets?
A. Service desk best practices state that headsets that cover both ears enable analysts to be most effective. B. Since headsets are light, it is okay to use one that encourages you to tilt or hang your head. C. Wireless headsets are not as effective on service desks as once thought, as calls are often dropped. D. Headsets relieve stress and tension by freeing analysts' hands for typing.
Which sentence is correct?
A) It sounds like the company may be reducing the sales staff in the near future. B) If you are willing to except responsibility, many employment opportunities are available. C) Time on the network must be divided equitably among students, employees, and faculty.