A Difference Between Basic Financial Planning and Forecast-Based Planning Is

Multiple Choice

A difference between basic financial planning and forecast-based planning is

A) the time horizon is shorter in forecast-based planning.
B) forecast-based planning incorporates environmental data and extrapolates current trends.
C) basic financial planning utilizes consultants with sophisticated techniques.
D) basic financial planning utilizes scenarios and contingency strategies.
E) basic financial planning relies heavily on input from lower levels in the organization.