Which of the Following Statements About Scenario Planning Is True

question 15

Multiple Choice

Which of the following statements about scenario planning is true?

• A) It can include firms' competitive environment as summarized by the Five Forces Model and other anticipatory elements that are difficult to formalize.
• B) Scenarios always include expectedly important situations and problems that exist in some form in the present day.
• C) At the end of the scenario planning exercise, analysts recommend selecting an even number of scenarios that vary from low to high on a single key variable.
• D) It tends to vary one quantifiable variable while holding others constant to see the likely effect.

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Definitions:

Thorstein Veblen

An American economist and sociologist best known for his theories of conspicuous consumption and leisure class.

Theories of Science, Technology, and Society

Interdisciplinary frameworks that explore how scientific knowledge, technological innovations, and societal conditions influence each other.

Agency-Structure Integration

A theoretical perspective that emphasizes the interrelation between individual (agency) actions and overarching social structures, proposing a reciprocal influence rather than viewing them as separate entities.

Micro-Macro Integration

A conceptual approach in sociology that seeks to understand the connections and interactions between individual (micro-level) behaviors and broader societal (macro-level) structures.