Mort Tishian feels it's necessary to predict revenues, costs, and expenses on a six-month basis. "It's the only way you get an idea of what to expect," explains Mort. In order to obtain these predictions, Mort needs to develop a(n)
A) cash-basis accounting system.
B) short-term forecast.
C) capital budget.
D) econometric model.

Question

Quizplus · Accepted Answer

A short-term forecast is a prediction of revenue, costs, and expenses for a period of one year or less.

Mort Tishian Feels It's Necessary to Predict Revenues, Costs, and Expenses