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Question
A ______ is an estimate of probable events that can be made by anybody.
Options
Budget
Forecast
Efficiency
Liquidity
MCQ
Fill in the Blanks
Solution
A forecast is an estimate of probable events that can be made by anybody.
Explanation:
A forecast is merely an estimate of what is likely to happen. It is a statement of probable events.
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Comparison Between Budgeting and Forecasting
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