Examlex
The value today of a specific sum of money to be received in the future is referred to as
Scenario Planning
A strategic planning method used to create and analyze different future scenarios to aid decision-making under uncertainty.
Contingency Planning
The process of preparing for unexpected events by developing strategies to mitigate their potential impact on operations.
Future States
Future States refer to the potential conditions or scenarios that an organization, system, or individual could experience in the future, considering various planning and strategy approaches.
Zero-based Budget
A budgeting technique where all expenses must be justified for each new period, starting from a "zero base," rather than basing budgets on the previous year's expenditures.
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