Financial projections are guarantees of a firm's future profitability.

Name: Financial projections are guarantees of a firm's future profitability.
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Quizplus · Accepted Answer

Financial projections are not guarantees of a firm's future profitability as they are based on assumptions and estimates that may not always be accurate. They are meant to provide insight into what may happen in the future and should be used as a tool to help guide business decisions, but they cannot guarantee profitability.

Financial Projections Are Guarantees of a Firm's Future Profitability