Which of the following is true about forecasts? Forecasts present what managemen

Question

Which of the following is true about forecasts?

Forecasts present what management believes would occur based on hypothetical assumptions in a "what if" scenario.

Forecasts present management’s expected future results based on externally-provided hypothetical assumptions.

Forecasts present management’s expected future results based on certain conditions and courses of actions which management believes will occur.

Forecasts present management’s expected future results based on internally-provided hypothetical assumptions.

Explanation / Answer

OPTION C IS CORRECT i.e Forecasts present management’s expected future results based on certain conditions and courses of actions which management believes will occur.

Management can make certain projections about the conditions and courses of actions that will occur in the future based on the experience and past events.

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