5.02 Futurecast Lap Test

5.02 Futurecast Lap Test

9th - 12th Grade

20 Qs

quiz-placeholder

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5.02 Futurecast Lap Test

5.02 Futurecast Lap Test

Assessment

Quiz

others

9th - 12th Grade

Practice Problem

Medium

Created by

Laura Smith

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Most sales forecasts are based on past sales performances as well as

expected market conditions.
the number of local competitors.
managers’ hopes for the future.
government regulations.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a potential benefit of sales forecasting:

Decreased revenue
Increased efficiency
Higher costs
New product ideas

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of sales forecasting is based on expert opinion and personal experience?

Long range
Quantitative
Qualitative
Short range

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of sales forecasting is based on the analysis of hard facts or numerical data?

Long range
Quantitative
Qualitative
Short range

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an example of internal information used for quantitative sales forecasting:

Mass media stories
Government reports
Past sales records
Trade magazines

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an example of external information used for quantitative sales forecasting:

Customer surveys
Accounting records
Financial statements
Industry publication

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an advantage of quantitative sales forecasting:

It’s reliable.
It provides a “human touch.”
It’s cheap.
It’s perfect for new businesses.

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