Marty Uses Computer Forecasts to Determine Possible Outcomes of an Intended

question 255

Multiple Choice

Marty uses computer forecasts to determine possible outcomes of an intended change in his division. What element of management is Marty using?

• A) Strategy formulation
• B) Goal setting
• C) Crisis management
• D) Contingency planning
• E) Related diversification

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Definitions:

Cross-Border Mergers

Transactions where companies from different countries combine their operations or assets, often to expand market reach or leverage strategic advantages.

Direct Foreign Investment

A financial commitment made by a company or individual in one country to business interests in another country, typically via acquiring business assets or establishing business operations.

Differing Languages

The existence or use of distinct linguistic systems or dialects within communication that can lead to diversity in expression and misunderstanding.

Transnational Organizations

Entities that operate across national borders, managing operations in several countries while not identifying with a single national identity.