What Type of Forecasting Is Concerned with Tracking Internal Change

question 19

Multiple Choice

What type of forecasting is concerned with tracking internal change instituted by the organization's managers?

• A) process-based
• B) event-based
• C) scenario-based
• D) transaction-based

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Definitions:

Operating Activities

Business functions directly related to providing goods and services, which are reflected in the cash flow statement.

Business Decisions

Choices made by individuals or groups in a corporate setting regarding the direction, operations, and strategy of a business.

Direct Method

A cash flow statement preparation method that lists major cash receipts and payments during the period, directly showing sources and uses of cash.

Net Income

A calculation that determines a company's profit by deducting total expenses from total revenues, serving as an essential indicator of financial health.