An Entrepreneur Should Always Project at Least Two Scenarios for Financial

question 35

True/False

An entrepreneur should always project at least two scenarios for financial forecasting and budgeting: best case and worst case.

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Definitions:

RADAR Model

A framework for recognizing, avoiding, detecting, and responding to ethical dilemmas and business risks.

Ethical Dilemma

A situation where an individual faces a choice between two or more morally correct but mutually exclusive actions, challenging their ethical principles.

RADAR Model

A framework for recognizing, avoiding, and defending against reputational damage and ethical failures in organizations.

Groupthink

A mental effect observed in a collective where the pursuit of consensus or uniformity leads to illogical or ineffective choices.