Which of the Following Statements Is Incorrect

question 23

Multiple Choice

Which of the following statements is incorrect?

• A) forecasting sales is the first step in creating projected financial statements
• B) financial forecasting tends to be more accurate for mature ventures than for early-stage ventures
• C) forecasting is relatively unimportant for early-stage ventures with little historical financial data
• D) a and b
• E) a and c

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Definitions:

Spending Habits

Patterns or behaviors related to how individuals or households allocate their money for purchases, savings, and other expenditures.

Utilities Bill

A monthly statement that charges individuals or businesses for the consumption of services like water, electricity, gas, and sewage.

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The chosen paint or external finish of a residential building's exterior.

Price Per Night

The cost associated with renting or staying in a particular accommodation (such as a hotel room) for one night.