Worldatwork Exam c8 Topic 4 Question 73 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 73
Topic #: 4

[All c8 Questions]

What best describes what forecasting helps the organization to do?

ARecognize possible issues and concerns that will drive budget planning

BPrepare quarterly and annual reports and their associated statements

CWithhold payroll taxes for all elements of compensation

DAnticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

Show Suggested Answer

Suggested Answer: A

by Shaquana at Jul 01, 2024, 04:05 PM

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Latonia

2 months ago

Forecasting is like looking into a crystal ball, but without all the magic and mysticism. It's a data-driven science, people!

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Lanie

25 days ago

B) Prepare quarterly and annual reports and their associated statements

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Brett

28 days ago

A) Recognize possible issues and concerns that will drive budget planning

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Grover

2 months ago

Recognizing possible issues and concerns is a good start, but forecasting goes beyond that. It's about predicting the future, not just identifying current problems.

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Arlyne

28 days ago

D) Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

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Arlyne

1 months ago

A) Recognize possible issues and concerns that will drive budget planning

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Abel

2 months ago

Haha, withholding payroll taxes? That's just basic compliance, not really forecasting. Nice try, option C!

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Alex

2 months ago

I'm not sure about option B. Preparing quarterly and annual reports is more of an accounting function, not directly related to forecasting.

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Lamar

2 months ago

Option D seems to be the most comprehensive answer. Forecasting helps organizations anticipate their future capital needs and plan accordingly.

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Doretha

27 days ago

Yes, forecasting is key for strategic decision-making and financial planning.

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Kris

28 days ago

It's crucial to anticipate future needs to ensure the organization's growth.

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Fatima

29 days ago

Forecasting really helps organizations stay ahead of their capital needs.

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Franklyn

1 months ago

I agree, option D is important for long-term planning.

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Pamella

2 months ago

I believe preparing quarterly and annual reports is also important to track the organization's financial performance.

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Jodi

2 months ago

I agree with Helaine. Anticipating future capital needs is crucial for the organization's growth.

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Helaine

2 months ago

I think forecasting helps the organization recognize possible issues and concerns for budget planning.

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