What are the prerequisites of a good forecast?
What will be an ideal response?
A forecast must be consistent with all aspects (parts) of a business. A forecast should be based on knowledge of the relevant past, unless underlying conditions change or there is no past to consider. A forecast must consider the economic and political environment in which businesses operate. A forecast must provide information in a timely manner.
You might also like to view...
Which of the following is true?
A) To be classified as employed, you must work at least 20 hours per week at a paid job. B) If you are not working and turn down a job offer in the previous week, you are no longer classified as unemployed. C) To be classified as employed, you must be a full-time worker at a paid job. D) Part-time workers are all those who work less than 40 hours per week. E) To be classified as employed, you must work at least 1 hour per week at a paid job or 15 hours or more as an unpaid worker in your family business.
Suppose that you own $10,000 worth of stock in General Motors. Adding stock in which of the following companies would be least likely to reduce the risk in your portfolio?
A) Google B) Walmart C) Ford D) General Electric