The financial staff's role in the forecasting process includes all of the following except
A)coordinating the efforts of other departments, such as engineering and marketing.
B)ensuring that everyone involved in the forecasts uses a consistent set of economic assumptions.
C)making sure that no biases are inherent in the forecasts.
D)determine the appropriate discount rate for cash flows.
E)none of the above.

Question

Quizplus · Accepted Answer

The financial staff's role in the forecasting process includes coordinating the efforts of other departments, ensuring consistency in economic assumptions, and identifying and addressing biases in the forecasts. However, determining the appropriate discount rate for cash flows is typically the responsibility of the finance department, not just the financial staff involved in the forecasting process. Therefore, choice D is the correct answer.

The Financial Staff's Role in the Forecasting Process Includes All