Which of the Following Are Formal Written Forecasts of Revenues

question 121

Multiple Choice

Which of the following are formal written forecasts of revenues and expenses that set spending limits based on operational forecasts?

• A) profit and loss statements
• B) business predictions
• C) budgets
• D) financial forecasts

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Definitions:

Data Use

The ways in which information is applied or utilized, often referring to the processing, analysis, and application of data to make decisions, inform strategies, or understand trends.

Financial Crimes

Illegal acts committed by individuals or organizations to obtain a financial or professional advantage.

Ethical Issues

Questions of morality and values that arise in the context of professional and personal conduct.

Community Charity

A non-profit organization that provides support, resources, and assistance to local community members in need, aiming to improve the quality of life within the community.