General Knowledge · Economics
Statement I: Demand forecasting reduces uncertainty in managerial decision-making. Statement II: Forecasting converts qualitative uncertainty into measurable risk.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is false, Statement II is true
- 2Statement I is true, Statement II is false
- 3Both statements are false
- 4Both statements are true✓
Correct answer
Both statements are true
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