__________ 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:

Tax Revenue

Government income generated from taxes levied on individuals and businesses.

Economic Instability

A situation where there is a high degree of unpredictability or fluctuation in the economic performance of a country, often characterized by high inflation, unemployment, and erratic growth.

Monetarists

Monetarists are economists convinced that changes in the amount of money circulating significantly impact a country's production in the short term and affect its price levels over extended durations.

School of Economics

An academic discipline that studies the production, distribution, and consumption of goods and services.