Which of the following statements is not true?
A)forecasting sales is the first step in creating projected financial statements
B)forecasting sales tends to be more accurate for mature ventures than for early-stage ventures
C)forecasting sales is relatively unimportant for early-stage ventures that have little historical financial data
D)forecasting sales should consider the likely impact of major operating changes

Question

Quizplus · Accepted Answer

Forecasting sales is important for all ventures, regardless of their stage of development. While it may be more difficult for early-stage ventures with limited financial data, it is still a crucial step in creating projected financial statements.

Which of the Following Statements Is Not True