Forecasts tend to be:

	a.	short-term.
	b.	focused on making either profit or cash flow projections.
	c.	filled with supporting documentation.
	d.	Both a & b
	e.	All of the above

1. Budgets are usually:

   	a.	short-run supplements to the strategic plans.
   	b.	quarterly updates to the annual operating plans.
   	c.	especially important in stable industries.
   	d.	usually done in great detail by small businesses.

Effective annual rates decrease as ____ decrease:

	a.	annual percentage rates
	b.	number of compounding periods
	c.	quoted rates
	d.	All of the above