Which Would Be Credible Supporting Detail for a Forecasted Net

question 26

Multiple Choice

Which would be credible supporting detail for a forecasted net income?

• A)Net income is based on management's goals.
• B)Net income is based on a "booming" economy.
• C)Net income is based on competitive pricing and industry averages for profit margins.
• D)Net income is generated based on a higher profit margin than most other competitors.

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Definitions:

Duty

A moral or legal obligation; a responsibility or task that one is required or expected to perform.

Operation Of Law

Changes in legal rights or obligations that occur automatically due to pre-defined legal principles or statutes, without the need for action by the parties involved.

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Market Research

The process of gathering, analyzing, and interpreting information about a market, including information about consumers' needs and preferences.