Forecasting Techniques Quiz

Forecasting Techniques Quiz

Professional Development

20 Qs

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Forecasting Techniques Quiz

Forecasting Techniques Quiz

Assessment

Quiz

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Professional Development

Practice Problem

Medium

Created by

Joshua Hodo

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is primary data?

Data collected specifically for the purpose of which it is used.

Data collected by another organization for a different purpose.

Data that is outdated and no longer useful.

Data that is randomly gathered without a specific purpose.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is secondary data?

Data collected specifically for the purpose of which it is used.

Data collected by another organization for some other purpose but which can be used for our purposes.

Data that is outdated and no longer useful.

Data that is randomly gathered without a specific purpose.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a census?

A method where the entire population is covered

A method where part of the population is covered

A method where only a sample is surveyed

A method where data is collected randomly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does sampling involve?

Covering the entire population

Covering part of the population

Covering none of the population

Covering the population twice

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered an internal source of information?

Market trends

Labour hours

Customer feedback

Competitor analysis

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an internal source of information?

Number of items rejected

Amounts owed and due dates

Planned output

Industry benchmarks

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered an external source of information?

Internal financial reports

Employee feedback

Performance of rivals

Company mission statement

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