Forecasting the Likely Result That Might Occur When Several Events

question 21

Multiple Choice

 Forecasting the likely result that might occur when several events and stakeholders are linked together is known as

• A) strategic review process.
• B) environmental scanning.
• C) scenario building.
• D) contingency planning.

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Definitions:

Consecutive GICs

A sequence of Guaranteed Investment Certificates held one after another, often to create a ladder strategy for managing interest rate risk.

Interest Rates

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Term Deposit

A bank deposit that has a fixed term or period of time until you can access your money, often with a higher interest rate than savings accounts.

Promissory Note

A financial document in which one party promises to pay another party a definite sum of money at a specified future date or on demand.