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 to plan and secure funding, despite having little historical data.

Which of the Following Statements Is Incorrect