quiz - 1. The greater the uncertainty of the future, the...

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1. The greater the uncertainty of the future, the greater the need for  alternative scenarios in projecting future cash flows. A) True B) False 2. The reliability of continuing value estimates is greater than that of explicit  forecast estimates. A) True B) False 3. Competition is a factor in forecasts that relates more to the pricing  estimates in a forecast than to the costs to produce a firm’s product. A) True B) False 4. Forecasting labor costs over the future is more difficult for an industry that  is seriously restructuring than for a firm in the retailing sector. A) True B) False 5. In the last five years, forecasting cash flows for auto companies has  become much easier than fifteen or twenty years ago. A) True B) False 6. The changing market structure facing a firm in its product market has more  impact on a firms pricing policy than do changes in tax laws.
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A) True B) False 7. A firm’s balance sheet is a stock statement while its income statement is a  flow statement reflecting the changes in two consecutive balance sheets. A) True
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quiz - 1. The greater the uncertainty of the future, the...

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