Which of the following most requires long-range forecasting (as opposed to short-range or medium-range forecasting) for its planning purposes?
A) job scheduling
B) production levels
C) cash budgeting
D) capital expenditures
E) purchasing

Question

Quizplus · Accepted Answer

Capital expenditures typically involve large financial investments in long-term assets that have a significant impact on an organization's future. Therefore, long-range forecasting is crucial to ensure that the investments will be profitable and sustainable over an extended period of time. Short-range or medium-range forecasting may not provide accurate enough information to make informed decisions about capital expenditures.

Which of the Following Most Requires Long-Range Forecasting (As Opposed