What Is the Primary Tool for Short-Term Financial Forecasting

question 38

Multiple Choice

What is the primary tool for short-term financial forecasting?

• A) Pro forma income statement
• B) Pro forma balance sheet
• C) Pro forma cash budget
• D) Capital Budgeting

---

Definitions:

Absolute Zero

The point on a scale at which no quantity of what is being measured exists, representing a complete absence of that entity.

ACT

A standardized test used for college admissions in the United States, measuring skills in English, mathematics, reading, and science, with an optional writing test.

Standard Score

A score that has been transformed to fit into a standard scale, allowing comparison across different tests or assessments.

Sten Score

A standardized test score that typically ranges from 1 to 10, used to compare an individual's performance on a test to a normative population.