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.