Which of the following best characterizes the difference between a financial forecast and a financial projection? a. Forecasts include a complete set of financial statements, while projections include only summary financial data. b. A forecast is normally for a full year or more and a projection presents data for less than a year. c. A forecast attempts to provide information on what is expected to happen, whereas a projection may provide information on hypothetical assumptions. d. A forecast includes data which can be verified about future expectations, while the data in a projection is not susceptible to verification.