Mort Tishian Feels It's Necessary to Predict Revenues, Costs, and Expenses

question 186

Multiple Choice

Mort Tishian feels it's necessary to predict revenues, costs, and expenses on a six-month basis. "It's the only way you get an idea of what to expect," explains Mort. In order to obtain these predictions, Mort needs to develop a(n)

• A) cash-basis accounting system.
• B) short-term forecast.
• C) capital budget.
• D) econometric model.

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Definitions:

Magazines

Periodical publications containing a variety of articles, stories, advertisements, and often photographs, catering to diverse interests.

Newsstands

Retail outlets that primarily sell newspapers, magazines, and other periodicals, often located in public places for easy access.

Ladies Home Journal

An American magazine that began publication in 1883, targeting women readers with articles about family, home, health, and social issues.

Double V Campaign

A World War II initiative by African Americans advocating for victory against fascism abroad and racial discrimination at home.