Business & Finance

Which of the following statements about forecasting is false?
Product life cycle influences the length of the forecast.
The forecasting horizon should be at least as long as your strategic plan.
The longer the time horizon the more accurate the forecast will be.
The longer the time horizon the more inaccurate the forecast will be.
There is an inverse relationship between forecast accuracy and time.

21.Which of the following is the most appropriate firm to use the survey of sales force?

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Ace Hardware
Best Buy
Burger King
IBM
K-Mart

22.Which of the following statements about forecasting is false?
Product life cycle influences the length of the forecast.
The forecasting horizon should be at least as long as your strategic plan.
The longer the time horizon the more accurate the forecast will be.
The longer the time horizon the more inaccurate the forecast will be.
There is an inverse relationship between forecast accuracy and time.

23.If a firm has $400,000 in credit sales and $100,000 in accounts receivable, accounts receivable turnover is.
25%.
4.
5.
14.

24.Marketable securities
consist of government securities only.
normally pay a higher rate of interest than checking accounts.
never require an investment strategy.
never offer any risk.

25.Which of the following is a method used to speed up cash receipts?
lock box.
electronic funds transfer.
writing a check.
a and b above.
b and c above.

26.All of the following are part of working capital except
accounts receivable.
inventory.
mortgage.
cash.
none of the above.

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