The trend projection with regression model can forecast demand well into the future

Positive NPV projects most often occur because:

A) analysts select sufficiently low discount rates. B) cash-flow projections are extended into the future. C) most projects are unique and innovative. D) of competitive advantages held by firms.

Which of the following statements about budgeting is not correct?

a. In zero-based budgeting, the prior budget is adopted for the coming year with no changes. b. All organizations use annual budgets, but most also use quarterly (or more frequent) budgets. c. Out-year budgets are used more for planning purposes than for control. d. Bottom-up budgets begin at the department level and then are approved by senior management.