As a Result of the Fast-Paced Changes Occurring in the External

question 95

True/False

As a result of the fast-paced changes occurring in the external environment, forecasting techniques have become obsolete in helping managers cope with uncertainty about the future.

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Definitions:

Mnemonic

A memory aid, often a word, phrase, or visual image, designed to help remember information or a concept.

Phonemic

Relating to the system of phonemes in a language, that is, the smallest unit of sound that can distinguish meaning.

Structural

Pertaining to the underlying framework or organization of a system.

Semantic

Relating to meaning in language or logic, especially the meaning of words and phrases in context.