According to the text, the financial staff's role in the forecasting process is to:
A) develop different assumptions for different departments.
B) make sure that no biases are inherent in the forecasts.
C) ensure that all the costs like sunk costs are included in the forecasting.
D) set the sales price and coordinating marketing schemes for use by other departments.
E) provide a rough estimate of cash flows as sophisticated techniques are available to check their accuracy.

Question

Quizplus · Accepted Answer

The text states that the financial staff's role is to "scrutinize each forecast for possible biases and ensure that no biases are inherent in any forecast." Therefore, option B is the correct answer. The other options are either not mentioned in the text or do not accurately reflect the financial staff's role in the forecasting process.

According to the Text, the Financial Staff's Role in the Forecasting