A company's vice president says,"I think we should do away with the practice of using forecasts as a basis for our plans.The results are not fully accurate." Which of the following would be the best rebuttal to this statement?

Question

Quizplus · Accepted Answer

Forecasts are not intended to be 100% accurate, but rather to provide a general idea of the direction of future business. Eliminating the use of forecasts altogether could potentially leave the company without any guiding analysis of the external business environment. The fact that forecasting has not yielded exact results in the past does not mean that it will not do so in the future, but it is important to recognize that forecasts should not be relied upon as a guarantee of future outcomes. Option A is not a strong rebuttal as it relies on the possibility that forecasts may become more accurate in the future, rather than addressing the immediate concern raised by the VP. Option B is not relevant to the discussion at hand, as it describes other industries rather than the company's specific situation. Option D may be true, but does not address the validity of using forecasts as a basis for planning.

A Company's Vice President Says,"I Think We Should Do Away