Experts recommend that managers use a(n) ____ approach when using forecasting in making cycle-sensitive decisions.
A) administrative
B) global
C) divide-and-conquer
D) consensus
E) average

Question

Quizplus · Accepted Answer

Consensus approach involves gathering opinions and input from multiple sources within the organization to arrive at a unified forecast. This approach is best suited for cycle-sensitive decisions as it takes into account the views of different departments and experts, resulting in a more accurate and reliable forecast.

Experts Recommend That Managers Use A(n) ____ Approach When Using