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Opportunities Are Characteristics of the Internal Environment That Have the Potential

question 57

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Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.


Definitions:

Simulation

A method for implementing a model over time to analyze and record the consequences of sequential interactions.

Predictive Analytics

The set of analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another.

Probability Models

Mathematical representations that describe real-world processes or phenomena in terms of probability.

Understand Risk

The process of identifying, assessing, and prioritizing potential risks to minimize their impact on objectives.

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