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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