Scenario Planning Helps to Overcome Many of the Shortcomings of Traditional

question 5

Multiple Choice

Scenario planning helps to overcome many of the shortcomings of traditional decision-making methods because: Please select all that apply.

• A) It is an approach to decision-making under dynamic conditions.
• B) It allows us to overcome some of the biases and imperfect reasoning of human beings.
• C) The organization is more likely to make a certain decision.
• D) The organization is more likely to be prepared for possible futures.

---

Definitions:

United States

A country in North America comprising 50 states, known for its significant economic and political influence globally.

Mexico

A country located in the southern portion of North America, known for its rich cultural heritage, diverse landscapes, and vibrant cuisine.

Opportunity Cost

Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Machinery

Refers to machines or automated systems that contribute to the manufacturing or production process.