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
C
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Which of the following exemplifies privatization?
a) a country reduces trade barriers, allowing individuals to engage in export and import b) a country sells its postal services to a consortium of companies that run it as a profit making venue without any state funding c) a country enlists the services of SomersConsultancy, a global management consulting firm, to improve the profitability of the state owned airline companies d) a country allows state-owned coal companies to sell coal to private parties
Transactional buyers are well aware of their needs and usually know a great deal about the products or services they intend to purchase
Indicate whether the statement is true or false