Which of the statements below is FALSE?
A)The marketing department finds published data related to its product from another state.This is an example of internal data.
B)Once the sales estimate is in,the finance manager must estimate the cash flow from these sales in terms of timing.
C)A company's average cost of installing its product for a customer is an example of internal data.
D)A company could take a simple approach to estimating revenue for the upcoming year by simply averaging the two previous growth rates; taking just the prior year's growth rate; or,using the average dollar increase in sales from the past two years.

Question

Quizplus · Accepted Answer

The statement A is false because finding published data related to a product from another state is an example of external data, not internal data. Internal data refers to the data generated by the company itself through its operations and transactions.

Which of the Statements Below Is FALSE