Estimating Project Cash Flows Is Complex and Requires Forecasting a Range

question 27

True/False

Estimating project cash flows is complex and requires forecasting a range of variables that contribute to anticipated revenues and costs over several years.

---

Definitions:

Natural Resources

Natural resources are materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Business Planning

The process of formulating goals, strategies, and actions to start, sustain, and grow a business.

Communism

An economic system characterized by public ownership of property and government planning of the economy.

Capitalism

The dominant economic system in the world today. Capitalist economies are characterized by private ownership of property and competition in the pursuit of profit.