Which of the Following Statements Is False Regarding the Process

question 66

Multiple Choice

Which of the following statements is false regarding the process of preparing a sales forecast?

• A) It usually starts with last year's level of sales.
• B) General economic trends are often considered.
• C) Since it involves estimates of future events,accuracy is of little importance.
• D) The larger the size and complexity of an organisation,the more complex their sales forecasting system will be.

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Definitions:

Declared

In financial context, it often refers to the official announcement made by a company's board of directors to pay dividends to its shareholders.

Recognized

Recognized refers to the formal acknowledgment in financial reporting that an item is included in the financial statements of a business.

Available-for-Sale Securities

Financial instruments that are purchased with the intent to sell before they reach maturity and are classified as neither held for trading nor held to maturity.

Accrued Interest

The interest that has accumulated on a bond, loan, or other financial instrument since the last interest payment was made.