Worldatwork Exam c8 Topic 4 Question 73 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 73
Topic #: 4

[All c8 Questions]

What best describes what forecasting helps the organization to do?

ARecognize possible issues and concerns that will drive budget planning

BPrepare quarterly and annual reports and their associated statements

CWithhold payroll taxes for all elements of compensation

DAnticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

Show Suggested Answer

Suggested Answer: A

by Shaquana at Jul 01, 2024, 04:05 PM

Limited Time Offer

25%

Off

Get Premium c8 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Latonia

2 months ago

Forecasting is like looking into a crystal ball, but without all the magic and mysticism. It's a data-driven science, people!

upvoted 0 times

Valentin

10 days ago

D) Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

upvoted 0 times

...

Barbra

11 days ago

C) Withhold payroll taxes for all elements of compensation

upvoted 0 times

...

Lanie

1 months ago

B) Prepare quarterly and annual reports and their associated statements

upvoted 0 times

...

Brett

1 months ago

A) Recognize possible issues and concerns that will drive budget planning

upvoted 0 times

...

Grover

2 months ago

Recognizing possible issues and concerns is a good start, but forecasting goes beyond that. It's about predicting the future, not just identifying current problems.

upvoted 0 times

Arlyne

1 months ago

D) Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

upvoted 0 times

...

Arlyne

2 months ago

A) Recognize possible issues and concerns that will drive budget planning

upvoted 0 times

...

Abel

2 months ago

Haha, withholding payroll taxes? That's just basic compliance, not really forecasting. Nice try, option C!

upvoted 0 times

...

Alex

2 months ago

I'm not sure about option B. Preparing quarterly and annual reports is more of an accounting function, not directly related to forecasting.

upvoted 0 times

...

Lamar

2 months ago

Option D seems to be the most comprehensive answer. Forecasting helps organizations anticipate their future capital needs and plan accordingly.

upvoted 0 times

Doretha

1 months ago

Yes, forecasting is key for strategic decision-making and financial planning.

upvoted 0 times

...

Kris

1 months ago

It's crucial to anticipate future needs to ensure the organization's growth.

upvoted 0 times

...

Fatima

1 months ago

Forecasting really helps organizations stay ahead of their capital needs.

upvoted 0 times

...

Franklyn

2 months ago

I agree, option D is important for long-term planning.

upvoted 0 times

...

Pamella

2 months ago

I believe preparing quarterly and annual reports is also important to track the organization's financial performance.

upvoted 0 times

...

Jodi

2 months ago

I agree with Helaine. Anticipating future capital needs is crucial for the organization's growth.

upvoted 0 times

...

Helaine

2 months ago

I think forecasting helps the organization recognize possible issues and concerns for budget planning.

upvoted 0 times

...