All of the Following Are True Regarding the Key Principles

question 63

Multiple Choice

All of the following are true regarding the key principles of forecasting except:

• A) Financial statement forecasts need not be comprehensive.
• B) Forecasts should not manifest wishful thinking.
• C) Financial statement forecasts must be internally consistent.
• D) Financial statement forecasts must rely on assumptions that have external validity.

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Definitions:

Sexual Interests

The particular preferences or desires a person has regarding sexual activities or targets of sexual attraction.

Initiates a Conversation

The action of starting a verbal interaction or dialogue with someone.

Opening Line

The first sentence or phrase in a book, conversation, or speech, often designed to grab attention.

Halo Effect

A cognitive bias where an observer's overall impression of a person influences their feelings and thoughts about that person's character or properties.