Which of the following statements is incorrect?
A)forecasting sales is the first step in creating projected financial
Statements
B)financial forecasting tends to be more accurate for mature ventures
Than for early-stage ventures
C)forecasting is relatively unimportant for early-stage ventures with
Little historical financial data
D)a and b
E)a and c

Question

Quizplus · Accepted Answer

Forecasting is crucial for early-stage ventures despite having little historical data, as it helps in planning and securing funding.

Which of the Following Statements Is Incorrect