Forecasting the Likely Result That Might Occur When Several Events

question 21

Multiple Choice

 Forecasting the likely result that might occur when several events and stakeholders are linked together is known as

• A) strategic review process.
• B) environmental scanning.
• C) scenario building.
• D) contingency planning.

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Definitions:

U.S. Dollar

The official currency of the United States, used as a standard monetary unit for many international transactions.

Foreign Currencies

Currencies used in international trade and investment, outside of the domestic or home country's currency.

Post Hoc

A logical fallacy where one assumes that because one event followed another, the first event caused the second.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, a key indicator of economic health.