Mort Tishian Feels It's Necessary to Predict Revenues, Costs, and Expenses

question 186

Multiple Choice

Mort Tishian feels it's necessary to predict revenues, costs, and expenses on a six-month basis. "It's the only way you get an idea of what to expect," explains Mort. In order to obtain these predictions, Mort needs to develop a(n)

• A) cash-basis accounting system.
• B) short-term forecast.
• C) capital budget.
• D) econometric model.

---

Definitions:

Social Competence

The capacity to interact effectively with others, understanding social cues and responding appropriately in various social situations.

Status

The evaluation of a role or person by other relevant members of a group or society.

Social Comparison

The desire to evaluate one’s own behavior, abilities, expertise, and opinions by comparing them to those of others.

Functional Play

A type of play mainly observed in children, involving activities that use repetitive muscle movements, often focusing on the use of objects.