An important distinction should be made between a firm's core ...

[Garrulous]

An important distinction should be made between a firm's core product and its actual product.
 
  While the core product may be a CD that contains an antivirus software program, the actual product may have a number of characteristics, including a quality level, features, design, a brand name, and packaging.
  Indicate whether the statement is true or false

Question 2

Which of the following statements about pro forma financial statements is incorrect?
 
  A) Pro forma financial statements are projections for future periods based on forecasts.
  B) Pro forma financial statements are typically completed for two to three years into the future.
  C) Pro forma financial statements are required by the SEC.
  D) Most companies consider their pro forma financial statements to be confidential and reveal them to outsiders only on a need to know basis.
  E) Pro forma financial statements are strictly planning tools.

[1_Step_At_ATime]

Answer to Question 1

TRUE

Answer to Question 2

C