Contingencies Related to ______ in the Critical Risks and Assumptions

question 76

Multiple Choice

Contingencies related to ______ in the critical risks and assumptions segment of the business plan discusses either sales that are too low or sales that are too high.

• A) unreliable sales forecasts
• B) competition
• C) unfavorable industry-wide trends
• D) insufficient numbers of trained employees

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Definitions:

Primacy Effect

The tendency to remember information at the beginning of a list better than the information that follows.

Upward Counterfactual

involves imagining or thinking about how a situation could have turned out better than it did, often leading to feelings of regret.

Downward Counterfactual

Imagining how situations could have been worse, which can sometimes improve emotional state by making one's current situation seem better in comparison.

Magical Thinking

The belief that one's thoughts, words, or actions can achieve specific effects in the real world in ways that defy the conventional laws of cause and effect.