A(n) ________ Forecast Encompasses the Immediate Future, Is Concerned with Daily

question 2

Short Answer

A(n) ________ forecast encompasses the immediate future, is concerned with daily activities of the firm and does not go beyond one or two months in to the future.

---

Definitions:

Contribution Format

A financial statement format that separates fixed costs from variable costs to highlight the contribution margin of products or services.

Margin of Safety

The difference between actual sales and the break-even point, used to evaluate the level of risk in a business operation.

Break-even Sales

The amount of revenue required to cover total fixed and variable costs, at which point a business neither makes a profit nor incurs a loss.

Sales Units

The quantity of product sold, often used as a measure in assessing sales performance and operational efficiency.