1. 3. 4. 5. Fill in the blanks the process of estimating or predicting an organization's financial future based on historical data. Its main objective is to determine where the organization is headed over a specified period of time. 2. refers to predicting the income and expenditure of the business by calculating how much an organization expects to earn in a particular period and how such earnings will be spent, keeping in mind the organization's objectives over the specified period. as a control tool for managing operational performance in the short-term. as input for preparing budgets and help management in developing the company's long-term strategic plan. a prospective financial statement presenting the expected financial position, results of operations, and cash flows of the business. It includes one or more hypothetical assumptions which might be less likely to happen. There are several factors to be considered when preparing projected financial statements. Identify each of them. (6 to 9) 6. Its indicator is the volume of trading and the number of investors participating in the market, whether it is increasing or slowing down. Prices may either stagnant or too low. 7. These include inflation, competitiveness of specific industries, growth (or slowdown) of the economy, glob-al markets, consumer demand, and spending patterns of specific market segments. 8. It determines whether a company is a market leader, a nicher, or a challenger. 9. This is taken into account if the is thriving, plateauing, or slowing down. 10. One of the most popular way through which managers can quickly assess the situation of the company is by doing the SWOT analysis. The acronym SWOT stands for