Which of the following is true about forecasts?

Multiple Choice

Forecasts present management's expected future results based on externally$-$provided hypothetical assumptions.

Forecasts present what management belleves would occur based on hypothetical assumptions in a 'what if$\text{'}$ scenario

Forecasts present management's expected future results based on internally$-$provided hypothetical assumptions.

Forecasts present management's expected future results based on certain conditions and courses of action which management believes will occur.