Futuring Relies on the Idea That the Future Is ________

question 6

Multiple Choice

Futuring relies on the idea that the future is ________.

• A) uncertain
• B) predictable
• C) quantitative
• D) similar to the past

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Definitions:

Top-Down Budgeting

A budgeting approach where the budget is created by the top management and then distributed down through the ranks of the organization.

Sales Forecasts

Predictions of the future sales performance of a company, typically based on historical data, market trends, and economic conditions.

Participative Budgeting

A budgeting process where employees at all levels are involved in the development of the budget, enhancing its acceptance and usefulness.

Zero-based Budgeting

A budgeting method that starts from a "zero base" every period, requiring all expenses to be justified for each new period, as opposed to being carried forward.