Project ________ management ensures that the project will satisfy the stated or implied needs for which it was undertaken.

Which of the following statements would NOT be a valid use of pro forma financial statements?

A) to determine a firm's needs for financing B) to analyze the effects of a firm's forecasts on its financial performance C) to enhance a firm's ability to offer shareholders guaranteed operating results D) to serve as a benchmark when comparing actual results to planned activities

What are the primary disadvantages of owning mutual fund shares?

What will be an ideal response?