Q.1. Forecasts are future financial statements and considered to be prospective.

True

False

Q.2. Forecasts are relatively short-term.

True

False

Q.3. Forecast results directly affect assumptions.

True

False

Q.4. In another example within the text, the general services expenses of 2 years in the same hospital are compared. After the year 1 versus year 2 difference is computed in dollars, that difference amount is divided by what figure to obtain a percentage difference for purposes of comparison?

	A.	Divided by the year 1 base figure
	B.	Divided by the year 2 base figure
	C.	Divided by the year 1 and year 2 base figures
	D.	None of these is correct.

Q.5. Forecasts reflect actions that are expected to occur and are based on assumptions that are expected to exist.

True

False