A difference between basic financial planning and forecast-based planning is
A) the time horizon is shorter in forecast-based planning.
B) forecast-based planning incorporates internal and external information.
C) basic financial planning utilizes consultants with sophisticated techniques.
D) basic financial planning utilizes scenarios and contingency strategies.
E) basic financial planning relies heavily on input from lower levels in the organization.

Question

Quizplus · Accepted Answer

Forecast-based planning incorporates both internal and external information to make more accurate predictions, whereas basic financial planning typically focuses on internal data and short-term objectives.

A Difference Between Basic Financial Planning and Forecast-Based Planning Is