BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is NOT a factor influencing decision whether to spend or to save?
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Income
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Weather forecast
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Personality
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Age
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Explanation:
Detailed explanation-1: -The five main factors affecting Weather are temperature, air pressure, humidity, cloudiness, and wind.
Detailed explanation-2: -The selection of a method depends on many factors-the context of the forecast, the relevance and availability of historical data, the degree of accuracy desirable, the time period to be forecast, the cost/benefit (or value) of the forecast to the company, and the time available for making the analysis.
Detailed explanation-3: -Although many factors combine to influence weather, the four main ones are solar radiation, the amount of which changes with Earth’s tilt, orbital distance from the sun and latitude, temperature, air pressure and the abundance of water.
There is 1 question to complete.