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:

Vision

A company's long-term aspirations, detailing what it hopes to achieve or accomplish in the future.

Idea

A thought or suggestion as to a possible course of action, concept, or mental impression.

Objective

A specific result that a person or system aims to achieve within a time frame and with available resources.

Goal

A desired result or achievement toward which effort is directed; an aim or end.