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Management Finance - Part 1

Forecasting differs from planning because forecasting primarily involves:

Type: MCQ • Marks: 1
Forecasting differs from planning because forecasting primarily involves:
Options
A. Selecting organisational goals
B. Estimating future conditions
C. Allocating authority
D. Correcting deviations
Explanation
Forecasting attempts to anticipate future developments. Planning uses such forecasts as inputs for deciding what should be done.
UPSC Principal & Vice Principal Management Finance Administration

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