Worldatwork Exam c8 Topic 3 Question 39 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 39
Topic #: 3

[All c8 Questions]

What is the most accurate statement regarding forecasting?

AIt is a precise estimate of what the future holds for the organization.

BIt is done primarily by using historical revenue and expense data.

CIt is done primarily by evaluating market conditions and economic indicators.

DIt uses internal and external factors to help answer questions about business expectations for the future.

Show Suggested Answer

Suggested Answer: D

by Gertude at Aug 20, 2022, 06:05 PM

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Georgene

3 months ago

I'm going with D. Forecasting is like a crystal ball, but one that uses actual data instead of magic!

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Margret

2 months ago

D makes sense to me as well. It's all about using different factors to predict the future of the business.

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Raul

2 months ago

I think D is the best option too. It's important to consider both internal and external factors for accurate forecasting.

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Fernanda

2 months ago

I agree, D seems like the most accurate statement regarding forecasting.

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Corrina

3 months ago

Option B is too narrow. Forecasting is more than just looking at historical numbers, it's about understanding the bigger picture.

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Erasmo

3 months ago

Haha, I bet option A sounds like something a fortune teller would say, not a business forecast!

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Stefan

3 months ago

I agree, D is the best answer. Forecasting is not just about past data, but also analyzing market trends and economic conditions.

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Emogene

2 months ago

Definitely, forecasting involves analyzing market trends and economic indicators along with past data.

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Ceola

2 months ago

Yes, D is the most accurate statement. It helps answer questions about future business expectations.

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Lisbeth

2 months ago

I agree, forecasting is not just about historical data, but also about market conditions.

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Louann

2 months ago

I think D is the best answer. It considers both internal and external factors.

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Marilynn

3 months ago

Option D seems the most comprehensive and accurate. Forecasting considers both internal and external factors to predict the future of the business.

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Kaycee

2 months ago

Using a combination of internal and external factors can provide a more accurate forecast for the future.

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Raul

3 months ago

It's important to consider both internal and external factors when forecasting for a business.

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Luis

3 months ago

I agree, option D takes into account all the factors that can impact the business.

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Anisha

4 months ago

I believe C is also important, evaluating market conditions is crucial for forecasting.

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Amina

4 months ago

I agree with Juan, D uses both internal and external factors.

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Juan

4 months ago

I think the most accurate statement is D.

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