A Major Difference Between Financial Planning and Forecasting Is That

question 4

Multiple Choice

A major difference between financial planning and forecasting is that financial planning:

• A)Is forward-looking
• B)Relies on the viewpoints of management
• C)Determines the rate of profitability
• D)Is equally concerned with less-likely outcomes

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Definitions:

Feedback

Information provided to an individual or group about their performance or behavior, intended to guide future improvements.

Communication

The act of transferring information from one place, person, or group to another, often encompassing various mediums and methods.

Minimize Conflict

The process of reducing disagreements or disputes to ensure smoother interactions or negotiations.

Team Settings

The environment and conditions under which a group of people work together towards common goals.