The corporation's sanguine projections for quarterly earnings proved wildly optimistic when market conditions deteriorated unexpectedly, forcing executives to revise their forecasts significantly downward.
As used in the text, what does the word "sanguine" most nearly mean?
pessimistic
accurate
optimistic
secret
Correct Answer: C
Choice C is the best answer. The passage describes projections that proved "wildly optimistic" and required downward revision. "Optimistic" captures this positive but ultimately unrealistic outlook.
Choice A is incorrect because "pessimistic" is the opposite of the described outlook. Choice B is incorrect because "accurate" contradicts need for revision. Choice D is incorrect because "secret" doesn't describe outlook quality.