There Are Two Primary Tools Used to Forecast and Set

question 96

Multiple Choice

There are two primary tools used to forecast and set in action a company plan.Which of the tools below is one of these?

• A)Statements of retained earnings
• B)Profit budgets
• C)Income statements
• D)Pro forma statements

---

Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, used in the operations of a business and not expected to be converted to cash in the short term.

Balanced Scorecard

A system for strategic planning and management designed to synchronize business actions with the organization's strategy and vision, bolster communication within and outside the organization, and oversee the performance of the organization in relation to its strategic targets.

Organizations

Entities composed of individuals working together to achieve specific goals or objectives.