Financial planning models _____.
A)focus on the budgeted balance sheet
B)allow managers to assess the predicted impacts of various alternatives before final decisions are selected
C)attempt to answer "How come?" questions
D)are extremely accurate, thus lessening the need for management judgment

Question

Quizplus · Accepted Answer

Financial planning models allow managers to assess the predicted impacts of various alternatives before final decisions are selected. They do not focus solely on the budgeted balance sheet and are not necessarily extremely accurate, thus management judgment is still needed. They also do not attempt to answer "How come?" questions.

Financial Planning Models _____