_____ Is a Forecasting Method in Which a Broad Topic

question 32

Multiple Choice

_____ is a forecasting method in which a broad topic is set out and a discussion among the participants is utilized to gain insights into what the future may look like.

• A) Scenario planning
• B) Brainstorming
• C) Mind mapping
• D) Balanced Scorecard

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Definitions:

Costs

Costs refer to the expenditures incurred by a business in the process of generating revenues.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit.

Fixed Costs

Expenses that remain constant regardless of the amount of production or sales, including rent, wages, and insurance premiums.

Mixed Cost

A cost that contains both fixed and variable components and changes with the level of output but not directly in proportion.