To Avoid Inconsistency, Financial Planners Should Be Sure To

question 83

Multiple Choice

To avoid inconsistency, financial planners should be sure to:

• A)Draw information from many resources
• B)Do all forecasting themselves
• C)Produce perfectly accurate forecasts
• D)Use forecasts based on common macroeconomic assumptions

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Definitions:

Nonmanufacturing Cost

Expenses not directly related to the production of goods, such as selling, general, and administrative expenses.

Office

An office is a room, set of rooms, or building where the work of a business or organization, particularly clerical work, is conducted.

Salesperson Commissions

are the payments made to sales staff based on the value or volume of sales they have made.

Prime Costs

The direct costs of manufacturing a product, which include raw material and labor expenses directly tied to the production process.