Which of the Following Statements Does Not Apply to Preventing

question 42

Multiple Choice

Which of the following statements does not apply to preventing "garbage in,garbage out" when implementing a forecasting game plan?

• A) The quality of the financial statement forecasts will depend on the quality of the
• Forecast assumptions.
• B) The quantities forecasted within financial statement forecasts will depend on the quantity of the forecast assumptions.
• C) Analysts should justify and evaluate the most important assumptions that reflect the critical risk and success factors of the firm's strategy.
• D) Analysts can impose reality checks on the assumptions by analyzing the forecasted financial statements using ratios, common-size, and rate-of-change financial statements.

---

Definitions:

Locked Files

Secured or protected files, often containing sensitive or confidential information, that require authorization for access.

Heroin Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Prostitution

The practice of engaging in sexual activity with someone for payment; legal and moral perspectives on this practice vary significantly across different cultures and legal systems.

Emancipated Minors

Individuals under the age of legal adulthood who are granted independence from parental control by the court system.