GUIDE QUESTIONS AND QUALITY ANSWERS
2026
◉ d. Qualitative techniques. Answer: 3) When data is scarce, the best
method of forecasting is to use:
a. Computer-based simulations methods
b. Time series analysis
c. Econometric forecasting
d. Qualitative techniques
◉ c. The program will consume a disproportionate amount of
management time and delay the search for a replacement. Answer:
4) Most products and services enter a period of decline. Unless
compelling reasons prevail, continuing a declining product or
service is costly because:
a. Increased turnover of personnel will occur
b. Continuation will set an undesirable precedent concerned with
maintaining the status quo
c. The program will consume a disproportionate amount of
management time and delay the search for a replacement
d. The organization will be perceived as being insensitive to the
marketplace