A Technique That Is Useful in Exploring What Would Happen

question 51

Multiple Choice

A technique that is useful in exploring what would happen if a key decision prediction or assumption proved wrong is termed:

• A) sensitivity analysis.
• B) uncertainty analysis.
• C) project analysis.
• D) linear programming.
• E) the theory of constraints.

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Definitions:

Stakeholders

Individuals or groups who have an interest in the performance and activities of an organization due to potential impacts on them.

Ethical Decision-Making

Carrying out an assessment and making choices between alternatives while adhering to ethical norms.

Red Cross

An international humanitarian organization that provides emergency assistance, disaster relief, and education within communities affected by natural disasters, conflicts, or health crises.

Conscious Marketing

An approach to marketing that acknowledges and prioritizes the needs and welfare of stakeholders including customers, employees, and the environment.