1. Suppose you are the CEO of Laureate Education, a for-profit educational company. In your company quarterly press rele

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1. Suppose you are the CEO of Laureate Education, afor-profit educational company.
In your company quarterly press release it saysthe following:
"We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailedassumptions. While we believe that our assumptions are reasonable,we caution that it is very difficult to predictthe impact of known factors, and, of course, itis impossible for us to anticipate all factors thatcould affect our actual results."
Regarding the operating budgets of your company, discussand justify what you believe would be the most important 2assumptions and how they are going to affect your operatingbudgets.