In which scenario would a forecast most likely be inaccurate because of its intended purpose?
Question 12Answer
a.
When it is developed to make management look good to a business’s owners
b.
When it has been recently modified to reflect actual performance
c.
When it is developed based primarily on historical data
d.
When the time period it addresses is in the very near future
a. When it is developed to make management look good to a business’s owners