Which of the following best characterizes the difference between a financial forecast

Which of the following best characterizes the difference between a financial forecast

A. A forecast includes data which can be verified about future expectations, while the data in a projection is not susceptible to verification.

B. A forecast is normally for a full year or more and a projection presents data for less than a year.

C. A forecast attempts to provide information on what is expected to happen, whereas a projection may provide information on what is not necessarily expected to happen.

D. Forecasts include a complete set of financial statements, while projections include only summary financial data.

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