Multiple Choice
Refer to the scenario below to answer the following questions.
Forecasting (Scenario)
Imagine that you are a manager in the construction industry in Calgary, Alberta. Calgary has recently been experiencing rapid growth, bringing with it increased demand for construction services and more intense competition. The provincial government has been easing restrictions on public land use and has promoted a business-friendly environment to attract more corporations to the area. Furthermore, the oil business is booming, and there is a severe shortage of housing and worker accommodations in the oil-producing regions. However, you are also aware of how quickly these factors can change and the impact that a change in government or a decline in the price of oil can have on the construction industry. Given these considerations, you try to develop a forecast to help plan your company's future.
-You polled other managers to get their opinions about the future of the construction industry. You have used which forecasting technique?
A) time series analysis
B) regression models
C) economic indicators
D) substitution effect
E) jury of opinion
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Competitor intelligence experts suggest that 80 percent
Q30: Searching for the best practices among competitors
Q31: The critical path is the shortest sequence
Q32: A competitor's advertisements, want ads, and corporate
Q33: In order to compute the breakeven point,
Q35: _ budget predicts future sales.<br>A) expense<br>B) profit<br>C)
Q36: Benchmarking is a form of environmental scanning.
Q37: Selena is manager of research and development
Q38: To be effective, benchmarking standards must involve
Q39: Refer to the scenario below to answer