The Scenario Approach to Strategic Planning Involves

question 72

Multiple Choice

The scenario approach to strategic planning involves:

• A) devising plans for coping with a number of different possible future states of the world.
• B) designing the best organization structure and the best culture and control systems to put a chosen strategy into action.
• C) functional managers setting key corporate objectives.
• D) anticipating the reoccurrence of problems that were previously encountered and designing solutions accordingly.
• E) designing plans for problems that the company believes it will most certainly face in the near future.

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Definitions:

Implied Warranties

Warranties not explicitly stated but are assumed in transactions, ensuring goods or services meet reasonable expectations of performance.

Due-on-sale Warranties

Clauses in a mortgage agreement that require the full loan balance to be repaid if the property is sold.

Express Warranties

Explicit guarantees made by a seller about the quality, safety, or performance of a product or service.

Certain Circumstances

Refers to specific conditions or factors that affect or determine the outcome or application of a rule in a particular case.