Which of the Following Best Characterizes the Difference Between a Financial

Multiple Choice

Which of the following best characterizes the difference between a financial forecast and a financial projection?

A) Forecasts include a complete set of financial statements, while projections include only summary financial data.
B) A forecast is normally for a full year or more and a projection presents data for less than a year.
C) A forecast attempts to provide information on what is expected to happen, whereas a projection may provide information on what is not necessarily expected to happen.
D) A forecast includes data which can be verified about future expectations, while the data in a projection is not susceptible to verification.