Which Form of BI Uses Months to Years as Its

question 2

Multiple Choice

Which form of BI uses months to years as its time frame?

• A) Operational BI
• B) Tactical BI
• C) Strategic BI
• D) All of the choices are correct.

Comprehend the significance and process of creating mission statements for businesses.

Know the challenges and failure rates of small businesses and strategies to mitigate these risks.

Acknowledge the role and impact of not-for-profit organizations in economic development through business incubators.

Understand the obligations of small businesses regarding workers' compensation and Social Security.

---

Definitions:

Satisficing

A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, particularly when dealing with complex problems.

Scenario Planning

Scenario planning is a strategic planning method that organizations use to envision and prepare for various future possibilities.

Satisficing

A decision-making strategy that aims for a satisfactory rather than optimal solution by prioritizing the first option that meets a given threshold of acceptability.

Future Alternatives

Potential future courses of action or strategies that are explored as options for decision-making or problem-solving.