__________ Is the Process of Making Assumptions About What Will

question 35

Multiple Choice

__________ is the process of making assumptions about what will happen in the future and generating a specific vision of the future.

• A) Foretelling
• B) Identifying objectives
• C) Forecasting
• D) Visioning
• E) Contingency planning

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Definitions:

Asset Management

The process of developing, operating, maintaining, and selling assets in a cost-effective manner, commonly used in finance to refer to managing investments.

Profitability

The state or condition of yielding financial profit or gain, often measured as a ratio of net profits to total assets.

Breakeven Point

The point where revenues just equal costs.

Just-In-Time

A manufacturing strategy that aligns raw-material orders with production schedules to minimize inventory costs.