A Difference Between Basic Financial Planning and Forecast-Based Planning Is

question 8

Multiple Choice

A difference between basic financial planning and forecast-based planning is

• A) the time horizon is shorter in forecast-based planning.
• B) forecast-based planning incorporates internal and external information.
• C) basic financial planning utilizes consultants with sophisticated techniques.
• D) basic financial planning utilizes scenarios and contingency strategies.
• E) basic financial planning relies heavily on input from lower levels in the organization.

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Definitions:

Well-Organized Manner

A methodical and structured approach to arranging or presenting information.

Business Communication

The sharing of information between people within and outside an organization that is performed for the commercial benefit of the organization.

Scope

The extent or range of view, outlook, application, operation, or effectiveness of an object or concept.

Business Message

Any form of communication used within a professional setting to convey information, decisions, or requests.